EGX Records Remarkable Gains Reaching EGP 30 Bln by End of Trading

The Egyptian Stock Exchange (EGX) recorded a remarkable rise at the end of trading on Sunday to achieve market gains of about EGP 30 billion.

The main stock index EGX30 jumped by 3.69% to close at 17411 points, the highest level in more than 4 years.

The EGX70 index for small and medium stocks increased by 0.91% at the level of 3059 points.

The broader EGX100 index rose by 1.48%, at 4,601 points.

The total value of trading in shares amounted to EGP 2.5 billion and the number of shares traded reached 200 shares, of which 88 shares rose, 53 shares declined, and 59 shares remained unchanged.

The market cap of listed shares gained about EGP 30 billion to close at EGP 1.112 trillion, compared to EGP 1.82 trillion the previous closing level.

The transactions of Arab and foreign investors tended towards selling with a net value of EGP 54.56 million and EGP 77.07 million, respectively, this is in exchange for a net purchase by Egyptian investors worth EGP 131.63 million.