Positive Performance for Egyptian Exchange as Indices Close in Green Zone
The Egyptian Exchange saw positive movement on Wednesday, with a market capitalization of EGP 2.288 trillion. The EGX30 index rose by 0.37% to 31,049.03 points, while the EGX33 Shariah gained 1.17%. Small- and mid-cap indices also recorded increases, with trading volumes amounting to EGP 3.929 billion. Notably, Arab traders were net buyers.
On Wednesday, the Egyptian Exchange (EGX) experienced a favorable performance, with a total market capitalization reaching EGP 2.288 trillion. The benchmark index, EGX30, saw an increase of 0.37%, concluding the trading day at 31,049.03 points. Additionally, the EGX33 Shariah index rose by 1.17%, finishing at 3,342.55 points.
Moreover, the small- and mid-cap indices also recorded positive gains. The EGX70 equal-weight index rose by 0.82%, closing at 8,737.67 points, while the EGX100 index increased by 0.91%, ending at 12,115.24 points. The overall trading activity reached EGP 3.929 billion, facilitated by the exchange of 1.494 billion shares across 97,462 transactions.
In terms of trading participation, individuals accounted for 73.6% of all transactions, while institutions held 26.39%. Notably, Egyptian investors contributed 85.68% of total transactions, while Arab and foreign investors represented 6.67% and 7.65%, respectively. Arab traders emerged as net buyers, with net purchases amounting to EGP 107.748 million, whereas Egyptian and foreign traders recorded net sales of EGP 24.605 million and EGP 83.143 million, respectively.
The Egyptian Exchange demonstrated a positive trajectory on Wednesday, highlighted by increases in main indices and a significant trading volume. The composition of transactions reflected a strong participation from individual traders and a net buying position from Arab investors. Overall, the EGX’s performance underscores a resilient market amidst ongoing trading activities.
Original Source: www.zawya.com
