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EGX surges after Eid al-Fitr break, market capitalization adds EGP 66.47B

The EGX30 main index surged by 3.90%, or 1,112.72 points, closing at 29,616.47 points.

Mon, Apr. 15, 2024

The Egyptian Exchange (EGX) showed gains in the first trading session following the Eid al-Fitr holiday, which concluded on April 14, boosting the market capitalization by approximately EGP 66.47 billion due to local buying activities.
 
The EGX30 main index surged by 3.90%, or 1,112.72 points, closing at 29,616.47 points.
 
Similarly, the EGX 70 index for small and mid-cap stocks climbed by 2.36%, or 154.63 points, ending at 6,696.15 points.
 
Additionally, the broader EGX 100 index went up by 2.93%, or 273.09 points, reaching 9,584.51 points.
 
The market capitalization increased by about EGP 66.47 billion, reaching EGP 1.994 trillion, compared to EGP 1.928 trillion in the session on Monday, April 8, which was the last session before the Eid al-Fitr holiday.
 
Trading volume amounted to 874.76 million shares, exchanged through 143,630 transactions, with a turnover of EGP 4.75 billion.
 
Egyptian investors registered a net buying activity of EGP 354.04 million, while Arab and foreign investors recorded net selling activities of EGP 159.77 million and EGP 194.27 million, respectively.
 
QALA for Financial Investments, Arabian Cement Company, and Arab Aluminum emerged as the top gainers of the session, with gains of 19.64%, 13.48%, and 12.77%, respectively.
 
On the other hand, Delta for Printing & Packaging, Concrete Fashion Group for Commercial & Industrial Investment, and Osool ESB Securities Brokerage were the top losers of the session, experiencing declines of 15.53%, 6.56%, and 5.60%, respectively.