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Stock market closes in the green on Tuesday led by Egyptian purchases

Market capitalization was recorded at EGP 1.92 trillion

By: Business Today Egypt

Tue, Jul. 9, 2024

The Egyptian Exchange (EGX) returned to the green zone on Tuesday after dipping into a varied performance during Monday’s trading.

Benchmark index EGX 30 inched upwards by 0.19% to end the session at 28,466.24 points.

The Shariah-compliant Index was up by 0.14% to 2,756.2 points.

EGX 70 ended the session with an uptick of 0.25% to 6,314.83 points, with EGX 100 slightly behind with an increase of 0.24% to 9,149.65 points.

Tuesday trading saw 646.92 million shares exchanged with a turnover of EGP 3.48 billion.

Market capitalization was recorded at EGP 1.92 trillion.

Trading on securities saw Egyptian investors as net buyers with EGP 224.83 million. Foreign and Arab investors were net sellers with EGP 117.73 million and EGP 107.10 million, respectively.

The top gains of the session were by Delta for Printing & Packaging which surged by 19.59%, Ceramic & Porcelain by 9.36%, and Golden Textiles & Clothes Wool by 6.79%.

The largest losses of the session were by GTEX For Commercial and Industrial which was down by 9.3%, Concrete Fashion Group For Commercial & Industrial Investment by 6.56%, and Wadi Kom Ombo Land Reclamation by 6.08%.