The EGX indices showed positive results on Wednesday, with a market capitalization of EGP 2.288 trillion. The EGX30 climbed 0.37%, the EGX33 Shariah index rose 1.17%, and both EGX70 and EGX100 increased as well. Overall turnover was EGP 3.929 billion, with individuals leading trading activity and Arab investors being net buyers.
On Wednesday, the Egyptian Exchange (EGX) experienced positive performance, with the market capitalization reaching EGP 2.288 trillion. The benchmark index, EGX30, increased by 0.37%, closing at 31,049.03 points. The EGX33 Shariah index, which is Sharia-compliant, rose by 1.17% to finish at 3,342.55 points. The small- and mid-cap EGX70 equal-weight index (EWI) and EGX100 index also recorded gains, closing at 8,737.67 points and 12,115.24 points respectively, up by 0.82% and 0.91%.
The total turnover for the EGX reached EGP 3.929 billion, supported by 1.494 billion shares exchanged across 97,462 transactions. Individuals dominated trading activities, representing 73.6% of the transactions, while institutions accounted for 26.39%. Notably, Egyptian traders comprised 85.68% of total trades, with Arab and foreign investors making up 6.67% and 7.65%, respectively. Arab traders emerged as net buyers, contributing EGP 107.748 million, whereas both Egyptian and foreign traders were net sellers, amounting to EGP 24.605 million and EGP 83.143 million, respectively.
In conclusion, the Egyptian Exchange demonstrated a favorable trading session with all major indices closing in the green. The market’s resilience is highlighted by a substantial turnover and demographic trends in trading activities, where individuals and Egyptian traders played a significant role. The overall net buying by Arab investors further indicates diverse participation in the market.
Original Source: www.zawya.com
