Egyptian exchange ends on mixed note, market cap dips by EGP 1 billion – Markets & Companies – Business

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Stock Exchange

File Photo: Stock Exchange in Cairo. Reuters

 

The benchmark EGX30 index lost 0.34 percent, closing the session at 16998.35 points, while the small- and mid-cap EGX70 index (EWI) added 1.89 percent to end at 2955.19 points.

Meanwhile, the EGX100 index gained 1.34 percent to close at 4447.88 points, while the EGX50 index edged higher 0.36 percent to stood at 2916.9 points.

Trading volume amounted to 675.391 million shares traded through 80,828 transactions at a turnover of EGP 2.133 billion.

Individuals accounted for 74.81 percent of total trading transactions, while institutions made up 25.18 percent of trading.

Egyptians and Arabs acquired 84.9 percent and 10.04 percent of total trading transactions, respectively. Non-Arab foreigners accounted for 5.05 percent of trading.

Egyptians and Arabs bought EGP 48 million and 32.5 million worth of shares, respectively. Non-Arab foreigners sold EGP 80 million of shares.

It is worth highlighting that the EGX’s market cap gained around EGP 87.9 billion during the first quarter of 2023, recording EGP 1.049 trillion, up 9.1 percent compared to the same period a year earlier, according to the EGX weekly performance report.

The turnover soared to EGP 193.2 billion from January until the end of March 2023, up from EGP 55.6 billion the year before.

Meanwhile, the benchmark EGX30 index surged 12.47 percent to close at 16,418.53 points in the first three months of the year.

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