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Nov 15 | EGX back in the green to add EGP 15B to market cap.

Market capitalization was recorded at EGP 1.6324 trillion, a significant jump of EGP 15.1 billion compared to Tuesday’s 1.6173 trillion

By: Business Today Egypt

Wed, Nov. 15, 2023

The Egyptian Exchange (EGX) swung back into the positive after yesterday’s mixed note.

Benchmark index EGX 30 was back in the green after Tuesday’s slip, climbing 1.02% to end the session at 24,138.8 points.

EGX 70 was up by 0.57% at 4,819.12 points, followed by EGX 100 with an uptick of 0.77% to close at 7,081.51 points.

Wednesday trading saw 1.231 billion shares exchanged with a turnover of EGP 3.39 billion.

Market capitalization was recorded at EGP 1.6324 trillion, a significant jump of EGP 15.1 billion compared to Tuesday’s 1.6173 trillion.

Trading on securities saw Egyptian traders as net buyers with EGP 110.15 billion. Foreign and Arab investors were net seller with EGP 91.34 billion and EGP 18.77 billion, respectively.

The top gains of the session were Grand Investment Capital which soared by 19.83%, Cairo Poultry by 14.53%, and Suez Canal Bank S.A.E by 11.48%.

The largest losses were by Egyptian Iron & Steel which dropped by 4.94%, Lecico Egypt by 4.51%, and Sharm Dreams Co. for Tourism Investment by 4.39%.