Real Estate Tops Sectors Traded on Egyptian Stock Exchange

The real estate sector accounted for 27.91% of the total market trading on Sunday with a market cap of EGP 350 million and a turnover of 152 million shares.

The non-banking financial services sector came in second with a rate of 10.92% of the total market trading value with a market cap of EGP 136 million and a turnover of 65 million shares, then the the food, beverage and tobacco sector by 10.55% with a value of EGP 132 million and a turnover amounting to 15 million shares.

The Egyptian Stock Exchange concluded today's session with the EGX30 index rising by 0.25% to close at 10,305 points.

The market cap of the shares listed on the stock market rose to the level of EGP 654.324 billion by the end of trading, amid an Arab and foreign investors tendency towards buying, in exchange for a selling trend for Egyptian investors.

The total trading value amounted to about EGP 3.5 billion with a turnover of 374.8 million shares executed on 43.5 thousand transactions.

A total of 215 shares were traded, of which about 92 rose, about 75 fell, and 28 shares remained neutral.

The Egyptian Stock Exchange gained EGP 18.4 billion during last week's trading to close the market cap at EGP 651.5 billion, compared to EGP 631.1 billion, a week earlier.

In terms of indicators, the EGX30 index closed at 10,278.86 points, recording an increase of 4.19%.

While the EGX70 EWI index recorded an increase of 1.36% to close at 2,328.72 points, and the S&P index recorded an increase of 5.36% to close at 1,772.31 points.

As for the EGX30 capped index, it recorded a gain of 3.86% and closed at 12,877.36 points, in addition to the EGX100 EWI index, which also gained 2.18% to close the period at 3,296.87 points.

Shares accounted for 32.87% of the total trading value inside the booth, while the trading value of bonds represented about 67.13% during the week.

Egyptians' transactions accounted for 83.3% of the total transactions on listed shares, while foreigners accounted for 9.1% and Arabs 7.6%, after excluding deals. Foreigners recorded a net sale of EGP 111.7 million, while Arab investors recorded a net purchase of EGP 97.7 million.