The Egyptian Exchange (EGX) experienced positive momentum in the final session before the Eid al-Fitr holiday, which concludes on April 14, witnessing a surge of approximately EGP 25.43 billion in market capitalization driven by domestic purchases.
The EGX30 benchmark index surged by 1.25%, or 352.09 points, closing at 28,503.75 points. The EGX 70 index, representing small and mid-cap stocks, climbed by 0.88%, or 57.24 points, reaching a close of 6,541.52 points. Additionally, the broader EGX 100 index saw an increase of 1.10%, or 101.08 points, settling at 9,311.42 points.
Market capitalization saw a gain of around EGP 25.43 billion, totaling EGP 1.928 trillion compared to EGP 1.902 trillion in the previous session.
Trading activity witnessed 624.6 million shares exchanged through 82,815 transactions, with a turnover of EGP 2.32 billion.
Egyptian investors were net buyers at EGP 102.73 million, while Arab and foreign investors were net sellers at EGP 38.14 million and EGP 64.58 million, respectively.
Top gainers of the session included Alexandria Containers and Goods, Delta for Printing & Packaging, and Lecico Egypt, with gains of 11.93%, 10.05%, and 5.86%, respectively.
Conversely, Alexandria Flour Mills, Development & Engineering Consultants, and Al Khair River for Development Agricultural Investment and Environmental Services Co were among the top losers of the session, witnessing declines of 5.34%, 4.60%, and 4.26%, respectively.
