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Nov. 19 | EGX 30 carries stock market into the green with another record-breaking run

Market capitalization was recorded at EGP 1.6798 trillion, gaining around EGP 32 billion, compared to Thursday’s EGP 1.648 billion

By: Business Today Egypt

Sun, Nov. 19, 2023

The Egyptian Exchange (EGX) kickstarted the week in the green as its benchmark index broke another record to report an all-time high of almost 24,900 points.

Benchmark index EGX 30 surged by 2.12% to begin the week with a record-breaking 24,899.59 points.

EGX 70 saw a more subdued climb of 0.89% to 4,909.12 points, followed by EGX 100 jumping by 1.07% to end the session at 7,236.43 points.

Sunday trading saw 1.599 billion shares exchanged with a turnover of EGP 3.785 billion.

Market capitalization was recorded at EGP 1.6798 trillion, gaining around EGP 32 billion, compared to Thursday’s EGP 1.648 billion.

Trading on securities saw Egyptian and foreign investors were net buyers with EGP 125.63 million and EGP 9.49 million, respectively. Arab traders were net sellers with EGP 135.13 million.

The top gains of the session were by Misr Hotels which surged by 20% to make its third consecutive session in the green, Delta Sugar by 15.34%, and Pyramisa Hotels by 13.07%.

The largest losses of the session were by Grand Investment Capital which fell by 7.78%, El-Nile Co. for Pharmaceuticals and Chemical Industries by 7.2%, and Egyptian Iron & Steel by 4.97%.