Egyptian stock market hits record high as EGX30 surpasses 50,000

February 8 — Cairo: The Egyptian Exchange (EGX) closed Sunday’s trading session with strong gains, as the benchmark EGX30 index rose by 0.60 percent to reach 50,035.23 points, marking a new milestone for the market.

Other key indices also recorded notable increases during the session. The EGX33 Shariah index climbed by 2.02 percent to close at 5,214.91 points, while the EGX35-LV index advanced by 2.15 percent, ending the day at 5,121.67 points.

Similarly, the EGX70 index, which tracks small and medium-sized companies, increased by 0.82 percent to 12,874.19 points. The broader EGX100 index also posted gains, rising by 1.01 percent to finish at 17,840.25 points.

Trading activity remained strong throughout the session, with approximately 2.096 billion shares exchanged across 191,800 transactions, generating a total trading value of EGP 7.658 billion. The market’s total capitalization reached EGP 3.379 trillion.

Egyptian investors accounted for the majority of market activity, representing 88.98 percent of total trading. Foreign investors made up 6.52 percent, while Arab investors accounted for 4.5 percent.

Retail investors dominated the session, contributing 78.8 percent of total trading volume, while institutional investors represented 21.19 percent.

In terms of net activity, Arab and foreign investors recorded net sales amounting to EGP 55.427 million and EGP 15.032 million, respectively. Egyptian investors, meanwhile, were net buyers, with total purchases exceeding sales by EGP 70.459 million.

Leave a Reply

Your email address will not be published. Required fields are marked *