The Egyptian Exchanged (EGX) soared into the green on Thursday on the back of Trump’s postponement of massive US tariffs, bolstering local investors’ confidence and purchasing.
The Egyptian Exchanged (EGX) soared into the green on Thursday on the back of Trump’s postponement of massive US tariffs, bolstering local investors’ confidence and purchasing.
Benchmark index EGX 30 surged by 2.43% to close the week with 30,810.7 points, while the Shariah index jumped by 1.87% to reach 3,185.29 points.
EGX 70 rose by 2.7% to 8,777.71 points, followed by EGX 100 climbing by 2.57% to end the week with 12,091.36 points.
Thursday trading reported 1.957 billion shares exchanged with a turnover of EGP 4.464 billion.
Market capitalization was recorded at EGP 2.1767 trillion.
Trading on securities saw Egyptian traders as net buyers of the session with EGP 118.59 million. Arab and foreign investors were net sellers with EGP 69.21 million and EGP 49.38 million, respectively.
The top gains of the session were by The Arab Ceramic CO.- Ceramica Remas which rose by 13.51%, Gadwa For Industrial Development by 10.08%, and Samad Misr -EGYFERT by 9.19%.
