EGX back in the green to reach LE 1.92trn market cap. amid Egyptian buying

Cairo – July 9, 2024: The Egyptian Exchange (EGX) returned to the green zone after dipping into a varied performance during Monday’s trading.

Benchmark index EGX 30 inched upwards by 0.19 percent to end the session at 28,466.24 points.

The Shariah-compliant Index was up by 0.14 percent to 2,756.2 points.

EGX 70 ended the session with an uptick of 0.25 percent to 6,314.83 points, with EGX 100 slightly behind with an increase of 0.24 percent to 9,149.65 points.

Tuesday trading saw 646.92 million shares exchanged with a turnover of LE 3.48 billion.

Market capitalization was recorded at LE 1.92 trillion.

Trading on securities saw Egyptian investors as net buyers with LE 224.83 million. Foreign and Arab investors were net sellers with LE 117.73 million and LE 107.10 million, respectively.

The top gains of the session were by Delta for Printing & Packaging which surged by 19.59 percent, Ceramic & Porcelain by 9.36 percent, and Golden Textiles & Clothes Wool by 6.79 percent.

The largest losses of the session were by GTEX For Commercial and Industrial which was down by 9.3 percent, Concrete Fashion Group For Commercial & Industrial Investment by 6.56 percent, and Wadi Kom Ombo Land Reclamation by 6.08 percent.