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Ahead of MPC meeting, EGX ends week with mixed performance

Thursday trading reported 661.37 million shares exchanged with a turnover of EGP 5.26 billion

By: Business Today Egypt

Thu, May. 23, 2024

The tables turned on the Egyptian Exchange’s (EGX) indices ahead of the final Monetary Policy Committee meeting of FY2023/2024, which will set interest rates until the end of the fiscal year.

Following yesterday’s mixed performance, pushed upwards by benchmark index EGX 30 while the remaining two main indices fell to the red, EGX 30 slipped into the red by 0.08% to close the session at 27,205.14 points.

On the other hand, EGX 70 was up by 0.82% to 5,940.01 points, with EGX 100 climbing by 0.59% to end the session at 8,587.17 points.

Thursday trading reported 661.37 million shares exchanged with a turnover of EGP 5.26 billion.

Market capitalization was recorded at EGP 1.837,5 trillion, losing approximately EGP 1.5 billion compared to yesterday’s EGP 1.839 trillion.

Trading on securities saw Egyptian and foreign investors were net buyers with a net value of EGP 116.9 million and EGP 109.8 million, respectively. Arab investors were net sellers with EGP 226.72 million.

The top gains of the session were by MM Group for Industry And International Trade which climbed by 10.5%, Cleopatra Hospital Company by 7.57%, and Electro Cable Egypt by 6.15%.

The largest losses of the session were by Digitize for Investment and Technology which fell by 19.74%, Misr Fertilizers Production Company – Mopco by 7.11%, and Pyramisa Hotels by 6.43%.