Cairo – January 30, 2024: The Egyptian Exchange (EGX) affirmed the market’s position in the green zone during its mid-week session amid high amounts of Egyptian purchasing, adding around LE 51 billion to the market cap.
Benchmark index EGX 30 surged by 3.83 percent to end the session at 30,347.30 points, breaking into the 30k point mark for the first time.
EGX 70 was up by 2.13 percent to 6,940.60 points, followed by EGX 100 which climbed by 2.32 percent to 9,860.38 points.
Tuesday’s trading saw 1.68 billion shares exchanged with a turnover of LE 7.53 billion.
Market capitalization was recorded at LE 2.121,7 trillion, compared to yesterday’s close of LE 2.070,2 trillion.
Trading on securities saw Egyptian investors as net sellers with LE 439.66 million. Foreign and Arab traders were net buyers with LE 312.49 million and LE 127.17 million, respectively.
The top gains of the session were by Iron and Steel for Mines and Quarries which soared by 20 percent, Development & Engineering Consultants by 19.99 percent, and Electro Cable Egypt by 19.89 percent.
The largest losses of the session were by Delta For Printing & Packaging which dropped by 4.95 percent, Delta Sugar by 4.48 percent, and Egyptian Chemical Industries (Kima) by 4.39 percent.
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