Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGX Records Highest Daily Pace in 8 Months ... Market Cap Gains EGP 16.17 Billion


Wed 16 Mar 2022 | 08:58 PM
Taarek Refaat

The Egyptian stock exchange (EGX) indices rose by the end of Wednesday's session to keep pace with the rise in global financial markets, amid anticipation of the Federal Reserve's decision regarding interest rates, supported by local purchases and amid the momentum of liquidity exceeding EGP 2.3 billion.

At the end of today's session, the main index of the Egyptian Stock Exchange "EGX30" rose by 2.71% to 10,705 points, recording the highest rate of rise in 8 months.

While the index of the small and medium-sized enterprises companies "EGX70" EWI rose by 3.03% to end the session at 1873 points.

The broader EGX100 EWI rose by 2.95% at the level of 2828 points, while the EGX50 rose 2.65% to close at 1875 points.

The market cap gained EGP 16.17 billion to close at EGP 694.588 billion.

In terms of investors’ dealings, Egyptians' transactions saw a purchase trend with a net of EGP 855.87 million, while foreigners and Arabs' transactions saw a selling trend with a net of EGP 777.7 million and EGP 78.16 million, respectively.

During today's trading, the value of trading on listed shares amounted to EGP 2.3 billion, through 359.27 million shares, and 43.33 thousand transactions.