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EGX ends week in green, market cap. gains EGP41.47B

The benchmark EGX30 surged by 1.63%, or 465.59 points, closing at 29,054.96 points.

Thu, Mar. 21, 2024

The Egyptian Exchange (EGX) concluded Thursday’s trading session on a positive note, contributing approximately EGP 41.47 billion to the market capitalization, driven by local buying activities.
 
The benchmark EGX30 surged by 1.63%, or 465.59 points, closing at 29,054.96 points.
 
In parallel, the small and mid-cap index EGX 70 rose by 3.16%, or 202.16 points, to finish at 6,596.4 points.
 
Similarly, the broader index EGX 100 saw a gain of 3.12%, or 284.53 points, reaching 9,411.43 points.
 
The total market capitalization increased by approximately EGP 41.47 billion, reaching EGP 1.939 trillion compared to Wednesday's session, which recorded EGP 1.897 trillion.
 
Trading activity witnessed a turnover of EGP 3.79 billion, with 739.85 million shares traded in 111,100 transactions.
 
Egyptian investors emerged as net buyers with EGP 356.39 million, while Arab and foreign investors were net sellers with EGP 153.8 million and EGP 202.59 million, respectively.
 
Nasr Company for Civil Works, Engineering Industries (ICON), and Dice Sport & Casual Wear led the gainers with increases of 16.14%, 12%, and 10.42%, respectively.
 
Conversely, Sabaa International Company for Pharmaceutical and Chemical, Edita Food Industries S.A.E, and Cairo Pharmaceuticals were among the top losers, dropping by 6.18%, 4.98%, and 4.91%, respectively.