EGX trading ramps up at start of Sept. to the green despite Egyptian and foreign selling

Benchmark index EGX 30 closed the session with an increase of 0.42% to reach 30,902.88 points, while the Shariah index surged by 1.46% at 2,959.11 points

By: Business Today Egypt

Sun, Sep. 1, 2024

The Egyptian Exchanged (EGX) kicked off September trading by starting the month off in the green, closing with a market capitalization of EGP 2.116 trillion.

Benchmark index EGX 30 closed the session with an increase of 0.42% to reach 30,902.88 points, while the Shariah index surged by 1.46% at 2,959.11 points.

EGX 70 was up by 0.92% to end the session at 7,141.2 points, followed by EGX 100 with a climb of 0.95% to 10,244.91 points.

Sunday trading saw the exchange of 1.209 billion shares, recording a turnover of EGP 12.194 billion.

Trading on securities saw Egyptian and foreign traders as net sellers with EGP 74.47 million and EGP 26.96 million, respectively. Arab investors were net buyers with EGP 101.43 million.

The top gains of the session were by Samad Misr – EGYFERT which was up by 11.06%, Dice Sport & Casual Wear by 10.6%, and Development & Engineering Consultants by 9.41%.

The largest losses of the session were by Alexandria Spinning & Weaving (SPINALEX) which dropped by 7.29%, Misr Beni Suef Cement by 6.9%, and Misr Duty Free Shops by 5.87%.