Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGX Reaches New Record Levels ... Market Cap Exceeds EGP 2 Trillion

Mon 29 Jan 2024 | 05:21 AM
The Egyptian Stock Exchange (EGX) headquarters, Cairo. (File Photo)
The Egyptian Stock Exchange (EGX) headquarters, Cairo. (File Photo)
Taarek Refaat

Egyptian stock market (EGX) indices rose at the end of trading on Sunday, reaching record levels, with the market value exceeding EGP 2 trillion for the first time in its history, supported by Arab purchases.

The main index of "EGX 30" rose by 3.47% to close at 28,625.76 points, and the index of medium and small companies "EGX 70 EWI" rose by 2.14% to record 6,724.72 points. The broader index "EGX 100 EWI" rose by 2.41% at 9,544.58 points.

Market cap gained about EGP 77 billion during trading, closing at EGP 2.04 trillion, compared to EGP 1.971 trillion at the end of last week’s trading.

During today's transactions, 1.26 billion shares were traded with a trading value of about EGP 6.2 billion through 195,400 transactions.

In terms of investor transactions, Egyptians' transactions tended to sell shares with a net value of EGP 30.03 million. While Arab stock transactions tended to sell with a net value of EGP 35.68 million.

Foreigners' trading in stocks tended to sell at a net value of EGP 5.64 million.