COOKIE NOTICE

We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

EGX opens week strong with EGP 21.2B gain in market cap.

The benchmark EGX30 increased by 0.58%, gaining 182.18 points to close at 31,459.09 points.

Sun, Sep. 29, 2024

The Egyptian Exchange (EGX) kicked off the week positively, adding approximately EGP 21.2 billion to its market capitalization due to purchases from local and Arab investors.
 
The benchmark EGX30 increased by 0.58%, gaining 182.18 points to close at 31,459.09 points. 
 
The small and mid-cap index, EGX 70, climbed by 0.87%, or 64.38 points, finishing at 7,490.03 points.
 
Meanwhile, the broader EGX 100 also saw a rise of 0.87%, adding 91.81 points to end at 10,669.45 points.
 
Overall, the market capitalization grew by around EGP 21.2 billion, reaching EGP 2.17 trillion compared to EGP 2.15 trillion from the previous session.
 
Trading activity included 883.64 million shares exchanged over 113,915 transactions, resulting in a turnover of EGP 4.27 billion.
 
Foreign investors were net sellers, offloading EGP 90.37 million, while Arab and foreign investors were net buyers, acquiring LE 13.44 million and LE 76.93 million, respectively.
 
Top gainers for the session included Osool ESB Securities Brokerage, Alexandria New Medical Center, and Sabaa International Company for Pharmaceutical and Chemical, each rising by 20%, 19.98%, and 19.98%, respectively.
 
Conversely, Cairo Educational Services, Arab Pharmaceuticals, and October Pharma experienced declines, dropping by 12.45%, 5.38%, and 3.60%, respectively.