Monday trading sees stock market return to the green amid Egyptian and foreign buying

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Mon, 10 Jun 2024 - 04:42 GMT

BY

Mon, 10 Jun 2024 - 04:42 GMT

Cairo – June 10, 2024: Returning to the green after starting the week in the negative, the Egyptian Exchange (EGX) pulled itself up with benchmark index EGX 30 seeing an uptick of 0.93 percent to 25,896.56 points on Monday.

EGX 70 was up by 0.79 percent to 5,676.81 points, followed by EGX 100 which climbed by 0.95 percent to end the session at 8,233.26 points.

Monday trading saw 587.46 million shares exchanged with a turnover of LE 2.71 million.

Market capitalization was recorded at LE 1.752 trillion.

Trading on securities reported Egyptian and foreign traders as net buyers with LE 254.45 million and LE 119.45 million, respectively. Arab investors were net sellers with LE 373.90 million.

The top gains of the session were by Pioneers Properties for Urban Development (PREDCO) which climbed by 10 percent, Lecico Egypt by 8.22 percent, and Speed Medical by 7.91 percent.

The largest losses of the session were by Egyptian Gulf Marseilia For Real Estate Investment which dropped by 18.69 percent, Egyptians For Investment & Urban Development by 18.01 percent, and Minapharm Pharmaceuticals by 10.8 percent.

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