e-finance Tops Communications Sector on Egyptian Stock Exchange

e-Finance for financial and digital investments topped the rankings of the communications, media and IT sector during the week's trading, with a trading value of EGP 154.5 million, contributing to market share of 4.3%, and turnover of 7.6 million shares.

Telecom Egypt came in the runner-up position with a trading value of EGP 133.6 million, accounting for 3.7% of the executions, with a turnover of 9.5 million shares.

Fawry for banking technology and electronic payments ranked third  with a market share of 1.9%, with a market cap of EGP 67.8 million, and a turnover of 4.8 million shares.

Orascom Investment Holding came in fourth place with a trading value of EGP 38.6 million, and a turnover of 160.5 million shares, with a market share of 1.1%, followed by Raya Contact Center in fifth place with a turnover of 5.4 million shares, acquiring 0.5% of the market share, with a trading value of EGP 18.6 million.

The Egyptian Media Production City ranked sixth and last in the sector, with a trading value of EGP 1.7 million, and a turnover of 335.500 shares.

Biggest Winners in Communications Sector on EGX

1. e-Finance

2. Telecom Egypt

3. Fawry

4. Orascom

5. Raya

The Egyptian Stock Exchange (EGX) recorded losses of EGP 1.6 billion during the trading week, to close the market cap of shares listed in the inside the booth at EGP 733.6 billion, compared to EGP 735.2 billion, a week earlier.

In terms of indicators, the EGX30 index closed at 11,573.14 points, recording a decrease of 0.34%. While the EGX70 EWI index recorded an increase of 1%, closing the session at 2,186.47 points, while the S&P index recorded an increase of 0.08% to close at 1,817.99 points.

As for the EGX30 capped index, it decreased by 0.01%, closing at 13,618.44 points. While the EGX100 EWI  recorded an increase of 0.89%, closing the session at 3,173.98 points.

The total trading value during the week amounted to about 14.1 billion, with a turn over of about 1,383 million papers executed on 168,000 transactions, compared to a total trading value of EGP 30.7 billion and a turnover of 2,243 million shares executed on 211,000, a week earlier.

Egyptians' transactions recorded 78.1% of the total transactions on listed shares, while foreigners accounted for 12.0% and Arabs accounted for 9.9%, after excluding deals. Foreigners recorded a net purchase of EGP 10.4 million, while Arabs recorded a net purchase of EGP 110.1 million, after excluding deals.