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Monday trading reports strong surge into positive zone

The Egyptian Exchange (EGX) closed Monday trading on a high, leading to an EGP 1.76 trillion market cap

By: Business Today Egypt

Mon, Apr. 29, 2024

The Egyptian Exchange (EGX) closed Monday trading on a high, leading to an EGP 1.76 trillion market cap.

Benchmark index EGX 30 surged by 5.57% to 26,011.28 points.

EGX 70 rose by 2.59% to 5,862.39 points, followed by EGX 100 with a climb of 3.43% to hit 8,376.11 points.

Monday trading recorded 648.9 million shares exchanged with a turnover of EGP 2.75 billion.

Trading on securities saw Egyptian investors as net sellers with EGP 111.02 million. Foreign and Arab traders were net buyers with EGP 107.06 million and EGP 3.95 million, respectively.

The session’s top gains were by TMG Holding with a jump of 13.73%, followed by Orascom Construction by 12.82%, and GB Corp by 10.86%.

The session’s largest losses were by Samad Misr -EGYFERT with a decline of 13.39%, followed by Alexandria Spinning & Weaving (SPINALEX) by 9.09%, and Gulf Canadian Real Estate Investment Co. by 4.97%.