EGX Achieves Historic Gains of EGP 81 Billion in a Week

The Egyptian Stock Exchange achieved impressive results during the third week of April, recording strong gains across all major indices, in a positive sign for the health of the Egyptian financial market. The weekly report of the stock exchange showed the growth of the market capitalization of listed companies worth 81 billion pounds, achieving a growth rate of 2.3% to reach 3.620 trillion pounds compared to 3.539 trillion pounds in the previous week. On the indices front, the main market index EGX30 led the rallies By 1.81%, it closed at 52,375.39 points, while the EGX70 achieved a remarkable performance, rising 3.24% to 13819.35 points. Trading volumes witnessed a remarkable activity of EGP 610.8 billion through the circulation of 14.182 million securities across 1.143 million transactions, compared to EGP 546.5 billion last week. Local investors dominated trading by 87.8%, while foreigners accounted for 6.9% and Arabs for 5.3%. Foreign investors recorded a net sale of EGP 60.9 million, while the net sale of Arab investors amounted to EGP 649.9 million.