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Nov 16 | EGX adds EGP 13.85B to market cap with 3-day green streak

Market capitalization was recorded at EGP 813.65 billion, an additional EGP 13.85 billion compared to yesterday’s EGP 799.80 billion

By: Business Today Egypt

Wed, Nov. 16, 2022

The Egyptian Exchange (EGX) ended today’s session in the green zone once more, making it the third day in a row, adding EGP 13.85 billion to the market cap.

Benchmark index EGX 30 was up by 1.68% to 12,341.20 points, with EGX 50 climbing by 1.97% to 2,173.80 points.

EGX 70 saw the highest rise with 2.83% to 2,362.36 points, followed by EGX 100 which was up by 2.60% to 3450.50 points.

Today’s trading saw 800.40 million shares exchanged over 66,143 transactions with a turnover of EGP 2.10 billion.

Market capitalization was recorded at EGP 813.65 billion, an additional EGP 13.85 billion compared to yesterday’s EGP 799.80 billion.

Trading on securities saw foreign and Arab investors as net sellers with EGP 279.23 million and EGP 77.59 million, respectively. Egyptian traders were net buyers with EGP 356.83 million.

The top gains of the session were by Maridive & oil services which climbed by 19.1%, National Real Estate Bank for Development by 12.79%, and MM Group For Industry And International Trade by 11.68%.

The largest losses of the session were by Ismailia National Food Industries which fell by 5.73%, Al Arafa for Investment And Consultancies by 4.65%, and Arab Polvara Spinning & Weaving Co. by 3.84%.