EGX Rebounds 1.27% ... Market Gains EGP 20 Billion

The Egyptian Stock Exchange (EGX) indices turned their course upwards at the end of  Wednesday's trading, as the main index rose and settled at 30,485.6 points.

The main index of the stock exchange "EGX30" rose by 1.27% to settle at 30,485.6 points, and the share of "CIB", which has the largest relative weight in the main index, recorded a decline of 0.12% to settle at EGP 85.4.

The market cap achieved market gains of EGP 20 billion during the transactions, closing at EGP 2.054 trillion.

The new Sharia-compliant EGX33 index rose by 0.93% to settle at 2940.4 points.

On the other hand, the EGX70 EWI Index rose by 0.44% to close at 7102.9 points, while the broader EGX100 EWI rose by 0.81% to close at 10158 points.

Up to 802.7 million shares were traded during the session, with a trading value of EGP 3.57 billion through 101,000 transactions, through trading on 210 shares during the session, of which 95 shares rose, 71 shares declined, and 44 shares remained unchanged.

In terms of investor trading, Egyptians tended to sell shares with a net value of EGP 73.9 million, while Arabs and foreigners tended to buy with a net value of EGP 10. 33.2 million and EGP 40.7 million respectively.

Moreover, the net transactions of institutions tended towards buying, with the exception of Arab institutions, which recorded net sales of EGP 49 million, while the net transactions of individuals tended towards buying, with the exception of Egyptians, who recorded net sales of EGP 223.5 million.