Traders were feeling the new year's energy as the Egyptian Exchange (EGX) kickstarted the year with a robust performance
Traders were feeling the new year's energy as the Egyptian Exchange (EGX) kickstarted the year with a robust performance, closing the first trading session of the year on a significant high and adding EGP 33.4 billion to the market cap.
Benchmark index EGX 30 rose by 2.44% to end the session at 25,501.94 points.
EGX 70 surged by 3.06% to 5,640.68 points with the strongest performance of the day, followed by EGX 100 climbing by 2.93% at 8,111.12 points.
Tuesday's trading saw 1.18 million shares exchanged with a turnover of EGP 3.39 billion.
Market capitalization was recorded at EGP 1.753,0 trillion, compared to the year’s close of EGP 1.719,6 trillion.
Trading on securities saw Egyptian and Arab investors as net buyers with EGP 48.18 million and EGP 37.23 million, respectively. Foreign traders were net sellers with EGP 85.42 million.
The top gains of the session were by Iron and Steel for Mines and Quarries which surged by 19.97%, International Agricultural Products by 15.54%, and Extracted Oils by 11.47%.
The largest losses of the session were by Export Development Bank of Egypt which saw a slight dip of 3.38%, the Egyptian Modern Education Systems company by 3.37%, and Abu Dhabi Islamic Bank- Egypt by 1.95%.
