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Jan 22 | EGX kicks off week in green, adds EGP3.2B to market cap

Market capitalization recorded EGP 1.05 trillion with an additional EGP 3.2 billion compared to the start of trading

By: Business Today Egypt

Sun, Jan. 22, 2023

The Egyptian Exchange (EGX) started the week off in the green, adding EGP 3.2 billion to the market cap.

Benchmark index EGX 30 was up by 0.33% to close trading at 16,118.85 points, with EGX 50 climbing by 0.95% to 2,857.77 points.

EGX 70 rose by 0.54% to end the session at 3,014.11 points, while EGX 100 increased by 0.67% to 4,489.79 points.

Today’s trading saw 708.28 million shares exchanged with a turnover of EGP 2.14 billion.

Market capitalization recorded EGP 1.05 trillion with an additional EGP 3.2 billion compared to the start of trading.

Trading on securities saw Egyptian and foreign traders as net sellers with EGP 5.62 million and EGP 66.49 million, respectively. Meanwhile, the Arab investors were net buyers with EGP 72.12 million.

The top gains of the session were by Wadi Kom Ombo Land Reclamation which jumped by 16.79%, Gadwa For Industrial Development by 14.59%, and General Company For Land Reclamation, Development & Reconstruction by 12.65%.

The largest losses of the session were by Asek Company for Mining (Ascom) which dropped by 3.93%, Dice Sport & Casual Wear by 3.09%, and Kafr El Zayat Pesticides by 2.99%.