Pushed by EGX 70’s significant surge and Egyptian buying, EGX closes mid-week trading in green

The market capitalization was recorded at EGP 2.182 trillion, adding around EGP 23 billion compared to Monday’s close of EGP 2.159 trillion.

By: Business Today Egypt

Tue, Oct. 15, 2024

The Egyptian Exchange (EGX) closed its -midweek trading session in the green as it continues to rally after Sunday’s sharp decline into the red.

Benchmark index EGX 30 was up by 1.03% to 30,584.24 points, with the Shariah index jumping by 1.7% to reach 3,186.14 points.

EGX 70 surged 3.04% to end the session at 7,569.60 points, followed by EGX 100 climbing 2.52% to hit 10,713.28 points.

Tuesday’s trading saw 738.88 million shares exchanged with a turnover of EGP 4.67 billion.

The market capitalization was recorded at EGP 2.182 trillion, adding around EGP 23 billion compared to Monday’s close of EGP 2.159 trillion.

Trading on securities saw Egyptian investors as net buyers with EGP 25.60 million. Arab and foreign traders were net sellers with EGP 18.42 million and EGP 7.17 million, respectively.