With big inpidual investors, financial institutions and investment funds registered, the Egyptian Stock Exchange (EGX) is one of the leading stock markets in the region.
An offering on the stock exchange contributes to expanding the ownership base for companies, improving the performance of companies, enhancing the principles of transparency and governance as well as help persify their resources.
The offering aims to boost the flow of capital and trading on the Stock Exchange, and raises the market cap to be more attractive to investors.
SeeNews Lists the Best Performing Sectors on the Egyptian Stock Exchange (EGX):
Real Estate
The real estate sector topped the ranking of the sectors traded on the EGX in terms of trading volume during the week’s transactions, with a market cap of EGP 1.1 billion and a turnover of 636.1 million shares.
Bank Financial Services
The non-banking financial services sector came in the second spot with a turnover of 767.5 million shares, valued at EGP 704.9 million. While the banking sector came in third with a trading value of EGP 421.05 million and a turnover of 10.5 million shares.
Textiles and Durable Goods
The textiles and durable goods sector came in fourth place, with a circulation of 251.5 million shares, valued at EGP 420 million.
Health Care (HEL)
The Health Care & Pharmaceuticals came in the fifth spot with a turnover of 162 million securities, valued at EGP 408.7 million.
Food, Beverage & Tobacco
In sixth place, the food, beverage and tobacco sector came with a circulation of 59.5 million executed transactions worth EGP 399.6 million.
IT, Media & Communications Services
The communications, media and information technology sector came in seventh place with a tunover of 21.7 million shares worth EGP 241.1 million.
Basic Resources
In eighth place came the basic resources sector with a circulation of 33.7 million shares, valued at EGP 234.9 million.
Contracting & Construction Engineering
The ninth place was reserved for the contracting and engineering construction sector with a turnover of 248.9 million, valued at EGP 178.1 million.
Trade & Distributors
As for the ninth place, it came to the trade and distributors sector with a 30.1 million turnover at a value of EGP 155.9 million.
Education Services
The educational services, transport and freight services sectors were ranked in the last two places, respectively. The first had a turnover volume of 1.7 million shares worth EGP 20 million, while the latter witnessed a circulation of 8.2 million shares worth EGP 13.6 million.
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