Egyptian Exchange: Positive Trading Session on Wednesday

The Egyptian Exchange (EGX) had a positive trading session on Wednesday, achieving a market capitalization of EGP 2.288 trillion. The EGX30 index rose by 0.37%, while the EGX33 index climbed 1.17%. The turnover reached EGP 3.929 billion, with individuals dominating transactions, particularly Arab traders who were net buyers.

On Wednesday, the Egyptian Exchange (EGX) demonstrated a commendable performance, with its market capitalization reaching EGP 2.288 trillion. The benchmark index, EGX30, saw an increase of 0.37%, ending the day at 31,049.03 points. Additionally, the Sharia-compliant EGX33 index reflected a noteworthy gain of 1.17%, closing at 3,342.55 points.

Both the small- and mid-cap EGX70 equal-weight index and the EGX100 index exhibited upward trends, recording increases of 0.82% to reach 8,737.67 points and 0.91% to hit 12,115.24 points respectively. The EGX’s turnover amounted to EGP 3.929 billion, evidenced by the exchange of 1.494 billion shares across 97,462 transactions.

Individual investors accounted for 73.6% of the total trading transactions, with institutions representing 26.39%. Furthermore, Egyptian traders comprised 85.68% of total trading, while Arab and foreign investors contributed 6.67% and 7.65% respectively. Notably, Arab traders emerged as net buyers at EGP 107.748 million, in contrast to Egyptian and foreign traders who were net sellers at EGP 24.605 million and EGP 83.143 million respectively.

In summary, the Egyptian Exchange experienced a positive trading session on Wednesday, highlighted by a rise in key indices and a market capitalization of EGP 2.288 trillion. The trading activities demonstrated a significant involvement of individual investors, while Arab traders notably added to their purchases amid a mixed performance by Egyptian and foreign investors. This reflects a dynamic trading environment within the Egyptian financial market.

Original Source: www.zawya.com