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EGX begins week with positive momentum, adds EGP 2.19B to market cap

The EGX30 benchmark edged up by 0.02%, or 5.06 points, closing at 29,060.02 points.

Sun, Mar. 24, 2024

The Egyptian Exchange (EGX) kicked off the week positively, contributing approximately EGP 2.19 billion to the market capitalization, driven by domestic buying.
 
The EGX30 benchmark edged up by 0.02%, or 5.06 points, closing at 29,060.02 points.
 
The EGX 70 index, representing small and mid-cap stocks, surged by 1.22%, or 80.25 points, settling at 6,676.65 points.
 
Similarly, the EGX 100 broader index rose by 0.92%, or 87.05 points, reaching 9,498.48 points.
 
Market capitalization saw an increase of about EGP 2.19 billion, reaching EGP 1.941 trillion, compared to EGP 1.939 trillion in the previous session.
 
Trading activity witnessed 729.97 million shares exchanging hands across 107,607 transactions, with a turnover of EGP 3.32 billion.
 
Local investors concluded as net buyers at EGP 106.06 million, while Arab and foreign investors were net sellers at EGP 80.47 million and EGP 25.58 million, respectively.
 
Leading gainers of the session included Copper For Commercial Investment & Real Estate Development, Development & Engineering Consultants, and Al Khair River for Development Agricultural Investment and Environmental Service, with gains of 18.36%, 17.06%, and 10.90%, respectively.
 
Conversely, Osool ESB Securities Brokerage, Sharkia National Food, and Engineering Industries (ICON) were the top losers, registering declines of 11.76%, 7.46%, and 5.58%, respectively.