EGX ends week in green, market cap. gains LE10B

CAIRO - 21 November 2024: The Egyptian Exchange (EGX) ended Thursday’s trading session with collective gains across its indices, driven by buying activity from Arab and foreign investment funds. 

This was offset by sell-offs from local institutions and individual Arab investors.

The market capitalization rose by LE 10 billion, reaching LE 2.248 trillion, with total transactions amounting to LE 47.6 billion.

The EGX 30 benchmark index edged up by 0.14%, closing at 30,631.08 points.

The EGX 70 EWI, which tracks small and mid-cap enterprises (SMEs), increased by 0.68%, settling at 8,340.11 points.

The EGX 100 index, encompassing the broader market, advanced by 0.55%, closing at 11,522.45 points.

Arab investors were net sellers at LE 98.14  million, while Egyptian and foreign investors were net buyers at LE 28.02 million and LE 70.12 million, respectively.

Mansourah Poultry, Mena Touristic & Real Estate Investment, and Digitize for Investment and Technology were the top gainers of the session, each rising by 16.67 percent, 12.28 percent, and 11.67 percent, respectively.

On the other hand, El-Nile Co. for Pharmaceutical and Chemical Industries-Nile1, El-Nile Co. for Pharmaceutical and Chemical Industries, and Arab Values Company were the top losers, declining by 10.30 percent, 4.91 percent, and 4.61 percent, respectively.