The EGX 30 index fell by 0.05% to reach 17,485 points.
The Egyptian stock exchange - File Photo
Egyptian stocks started Thursday's session with mixed performance, as the market indices experienced some fluctuations. The main EGX 30 index dropped marginally due to the downward pressure from some leading stocks, while other indices posted gains.
The EGX 30 index fell by 0.05% to reach 17,485 points, while the EGX 50 index rose by 0.26% to reach 3,156 points. The EGX 30 Weighted Index gained 0.01% to reach 21,024 points, and the EGX 30 Total Return index increased by 0.06% to reach 7,295 points.
Meanwhile, the EGX 70 Equal Weighted Index, which tracks medium and small-sized companies, rose by 0.31% to reach 3,058 points. Additionally, the EGX 100 Equal Weighted Index gained 0.22% to reach 4,650 points.
During yesterday's session, the transactions of insiders, major shareholders, and their associated groups were mixed.
The board of directors of Prime Holding for Financial Investments, Al Wadi Global Investment and Development, and Pakin Chemical Industries-Beyout sold 100,000 shares, 37,500 shares, and 13.5 million shares, respectively. Meanwhile, a major shareholder and an associated group of Rowad Tourism Company sold 17,000 shares and 11,900 shares, respectively.
Despite the slight downturn in the main index, the overall market performance for the week was positive.
The EGX 30 index has seen an upward trend, gaining 1.8% during the past week, reflecting the improving investor confidence in the Egyptian economy. This positive momentum has been attributed to the government's ongoing efforts to boost the economy through structural reforms and targeted investments in key sectors.
