EGX starts May trading with strong performance

The Egyptian Exchange (EGX) landed in the green on Sunday, marking the first day of May trading with a strong positive performance.

Benchmark EGX 30 jumped by 0.7% to hit 32,351.66 points at the end of Sunday’s session.

The Shariah index surged by 1.04% to close with 3,348.06 points.

EGX 70 was up by 1.47% to 9,527.86 points, followed by EGX 100 which climbed by 1.32% to end the session with 12,974.16 points.

Sunday trading saw over 1.349 billion shares exchanged with a turnover of EGP 4.085 billion.

Market capitalization was recorded at EGP 2.2982 trillion by the end of the session.

Trading on securities saw Egyptian traders as net buyers with EGP 120.38 million. Arab and foreign investors were net sellers with EGP 85.2 million and EGP 35.1 million, respectively.

The top gains of the session were by Egyptian for Tourism Resorts which surged by 19.92%, Nasr Company for Civil Works by 11.99%, and General Silos & Storage by 10.35%.

Notable losses of the session were by GMC Group For Industrial Commercial & Financial Investments which fell by 4.55%, and Cleopatra Hospital Company by 3.62%.