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EGX trading closes week with continued green streak as EGP strengthens against USD

Thursday trading reported 1.741 billion shares exchanged with a turnover of EGP 13.506 billion.

By: Business Today Egypt

Thu, May. 22, 2025

The Egyptian Exchange (EGX) continues to rally, closing the week with a 3-day green streak.

Benchmark index EGX 30 was up by 0.44% to hit 31,975.63 points.

The Shariah index rose similarly, rising 0.4% to reach 3,268.79 points.

EGX 70 climbed by 0.75% to close the session with 9,389.83 points, followed by EGX 100 jumping by 0.69% to reach 12, 776.68 points.

Thursday trading reported 1.741 billion shares exchanged with a turnover of EGP 13.506 billion.

Market capitalization rose to record EGP 2.2476 trillion.

Egyptian and Arab investors were net sellers during the session with EGP 21.282 billion and EGP 237.2 million, respectively. Foreign traders were the sole net buyers with EGP 21.519 billion.

The top gains of the session were by Upper Egypt Flour Mills which surged by 16.69%, East Delta Flour Mills by 12.41%, and Universal For Paper and Packaging Materials (Unipack) by 11.97%.

The US dollar continued to slip against the Egyptian Pound, with a modest drop since Wednesday’s close, hitting its lowest rate in the past few months.

The EGP is currently EGP 49.89 against the greenback, down from yesterday’s close of EGP 49.93. (May 22, 3 PM).

Since the start of the current month, the USD had been facing a consecutive downward trend, losing nearly EGP 1.8 in recent weeks.