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May 24 | EGX continues strong push into the green zone

Market capitalization was recorded at EGP 1.106 trillion, up from yesterday’s EGP 1.09 trillion

By: Business Today Egypt

Wed, May. 24, 2023

The Egyptian Exchange (EGX) closed today’s trading with a strong performance amid Egyptian and Arab investor buying.

Benchmark index EGX 30 surged during Wednesday trading, climbing 1.8% to 17,090 points while EGX 50 jumped by 1.38% to 3083.86 points.

EGX 70 was up by 0.61% to 3084.69 points, with EGX 100 gaining 0.89% to end the session at 4649.94 points.

Today’s trading saw 849.47 million shares exchanged with a turnover of EGP 1.83 billion.

Market capitalization was recorded at EGP 1.106 trillion, up from yesterday’s EGP 1.09 trillion.

Trading on securities saw Egyptian and Arab investors as net buyers with EGP 20.56 million and EGP 11.7 million, respectively. Foreign investors were net sellers with EGP 32.27 million.

The top gains of the session were by North Cairo Mills which climbed by 13.32%, ODIN Investments by 8.18%, and Universal for Paper and Packaging Materials (Unipack) by 7.9%.

The largest losses of the session were by Copper for Commercial Investment & Real Estate Development which fell by 7.36%, Belton Financial Holding by 5.82%, and Ibnsina Pharma by 5.26%.