EGX trades in green zone for 2nd consecutive session

CAIRO - 11 November 2024: The Egyptian Exchange (EGX) closed Monday’s session with a collective rise, staying in the green zone for the second consecutive session and adding around LE 8.4 billion to market capitalization, driven by local purchases.

 

The benchmark EGX30 rose 0.72 percent, or 226.96 points, closing at 31,621.29 points.

 

The small and mid-cap index EGX 70 increased by 0.20 percent, or 16.97 points, to finish at 8,380.12 points.

 

Furthermore, the broader index, EGX 100, climbed 0.34 percent, or 39.97 points, ending at 11,668.11 points.

 

Market capitalization increased by around LE 8.4 billion, reaching LE 2.276 trillion compared to LE 2.267 trillion in the previous session.

 

Trading volume totaled 1.95 billion shares across 126,212 transactions, with a turnover of LE 5.46 billion.

 

Egyptian investors were net buyers at LE 82.2 million, while Arab and foreign investors were net sellers at LE 31.75 million and LE 50.45 million, respectively.

 

Northern Upper Egypt Development & Agricultural Production, Lotus For Agricultural Investments and Development, and Reacap Financial Investments were the top gainers of the session, each rising by 12.78 percent, 10.38 percent, and 8.80 percent, respectively.

 

On the other hand, El-Nile Co. for Pharmaceuticals and Chemical Industries–Nile1, Raya Customer Experience, and Sabaa International Company for Pharmaceutical and Chemical were the top losers, declining by 9.19 percent, 4.97 percent, and 4.94 percent, respectively.