Stock Exchange Ends Trading with Market Gains of about EGP 41bn

The Egyptian Stock Exchange (EGX) indices ended trading Wednesday with a strong collective rise, with market gains of about EGP 41 billion.

The main index "EGX30" jumped by 3.37%, closing at 23,131 points.

The EGX70 index for small and medium-sized stocks rose by about 3.36% to 4,317 points, while the broader EGX100 rose by about 3.64%, to 6,555 points.

The total value of trading in shares reached EGP 5.1 billion, and the number of shares traded reached 200 shares, of which 137 shares rose, 29 shares declined, while 35 shares remained unchanged.

The market cap of registered shares amounted to about EGP 41 billion, closing at the level of EGP 1.590 trillion compared to EGP 1.549 trillion, the previous closing level.

Egyptian and foreign investors' transactions tended towards buying with a net value of EGP 3.37 million and EGP 51 million, respectively, compared to net selling of Arab investors worth EGP 54.37 million.

Recently, the Egyptian Stock Exchnage market has been doing so well, as small, and midium sized investors are hedging their saving against exchange rate fluctuations as well as inflation.