June 1 | EGX starts June with the right foot, adds EGP 3 trillion to market cap

Trading on securities saw Egyptian and foreign investors as net sellers with EGP 7.315 million and EGP 36.192 million, respectively. Arab investors were net buyers with EGP 43.507 million

By: Business Today Egypt

Thu, Jun. 1, 2023

The Egyptian Exchange (EGX) started June trading on a positive note, adding around EGP 3 trillion to the market cap.

Benchmark index EGX 30 was up by 0.21% to close the session at 17,533.31 points, followed by EGX 50 climbing 0.63% to end at 3,227.36 points.

EGX 70 surged by 1.22% to end at 3,289.54 points while EGX 100 jumped by 1.08% to end the session at 4,927.76 points.

Today’s trading saw 919.129 million shares exchanged with a turnover of EGP 2.138 billion.

Market capitalization was recorded at EGP 1.140 trillion, up from yesterday’s EGP 1.137 trillion.

Trading on securities saw Egyptian and foreign investors as net sellers with EGP 7.315 million and EGP 36.192 million, respectively. Arab investors were net buyers with EGP 43.507 million.

The top gains of the session were by Cairo Oils & Soap which surged by 19.55%, Gadwa For Industrial Development by 14.33%, and Al Khair River For Development Agricultural Investment & Environment by 12.04%.

The largest losses of the session were by Belton Financial Holding which fell by 8.14%, Pyramisa Hotels by 6.13%, and Sabaa International Company for Pharmaceutical and Chemical by 5.04%.