Bourse stands firm in the green as indices witness strong upsurge in trading on Monday

Cairo – October 23, 2023: The Egyptian Exchange (EGX) remained in the green zone during Monday trading, continuing the strong performance witnessed by indices yesterday to add around LE 52 billion to market cap.

Benchmark index EGX 30 increased by 2.01 percent to close the session at 22,572.49 points.

EGX 70 jumped by 1.97 percent at 4,143.35 points, while EGX 100 rose by 2.29 percent to end the session with 6,296.02 points.

Monday trading saw 892.96 million shares exchanged with a turnover of LE 4.63 billion.

Market capitalization was recorded at LE 1.560 trillion, adding around LE 52 billion compared to Sunday’s LE 1.508 trillion.

Trading on securities saw Egyptian and Arab investors as net sellers with LE 81.15 million and LE 18.68 million, respectively. Foreign investors were net buyers with LE 99.83 million.

The top gains of the session were by Misr Fertilizers Production Company – Mopco which grew by 20 percent, General Company for Land Reclamation, Development & Reconstruction by 19.99 percent, and Wadi Kom Ombo Land Reclamation by 19.98 percent.

The largest losses of the session were by Lecico Egypt which dropped by 4.42 percent, Ismailia Misr Pourtly by 4.12 percent, and Middle & West Delta Flour Mills by 3.85 percent.