Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGX Gains EGP 6.2 Bln after Egypt's Invitation to Join BRICS


Fri 25 Aug 2023 | 06:50 PM
Taarek Refaat

The Egyptian Stock Exchange (EGX) indices rose at the end of today's trading, with the support of Arab purchases, amid joing BRICS group.

The BRICS group decided to increase the number of its members by inviting 6 countries, including Saudi Arabia, Egypt and the UAE, to join the bloc, what turns the group into a conglomerate that controls about a third of the global economy.

The main index of the Egyptian Stock Exchange "EGX30" increased by 0.41% to close at 18,207 points.

While the index of medium and small companies "EGX70 EWI" rose by 0.6% to end the session at 3702.17 points.

The broader "EGX 100 EWI" increased by 0.55% to close at 5443 points.

The market cap increased during today's session by EGP 6.2 billion to close at EGP 1.239 trillion.

Up to 576.57 million shares were traded during today's session, with a trading value of about EGP 2.14 billion through 69.52 thousand transactions.

In terms of investor transactions, foreigners' transactions tended to sell, recording a net value of EGP10.66 million.

Arab investors' transactions in stocks tended to buy with a net value of about EGP 20.58 million.

While Egyptians tended to sell shares, recording a net worth of EGP 9.9 million.