Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Stock Exchange Gains EGP 24 Billion by End of Trading


Tue 07 Nov 2023 | 10:04 PM
The exterior of the Egyptian stock exchange is seen in Cairo, Egypt, on Wednesday, Dec. 29, 2010. Shawn Baldwin/Bloomberg via Getty Images
The exterior of the Egyptian stock exchange is seen in Cairo, Egypt, on Wednesday, Dec. 29, 2010. Shawn Baldwin/Bloomberg via Getty Images
Taarek Refaat

The Egyptian Stock Exchange (EGX) indices rose collectively at the close of trading, Tuesday, supported by purchases of foreign and local institutions and investment funds, while transactions by Arab institutions and individual Egyptian and Arab investors tended toward selling.

The market cap of shares listed on the stock exchange gained about EGP 24 billion, ending transactions at the level of EGP 1.581 trillion, amid total transactions amounting to about EGP 89.2 billion, including transactions in the main dealers’ market and ownership transfer deals, while stock market transactions amounted to about EGP 4 billion.

The main index of the Egyptian Stock Exchange (EGX30) jumped by 1.45% to reach the level of 23,393.41 points, and the small and medium-sized stocks index "EGX70" increased by 1.62% to reach 4,619.64 points. 

The broader EGX100 index, also increased by about 1.41%, reaching 6850.49 points.