The Egyptian Exchange showed positive performance on Wednesday, with the EGX30 index rising by 0.37%. The overall market capitalization stood at EGP 2.288 trillion, while trading volumes reached EGP 3.929 billion. Arab traders were significant net buyers, contrasting with net selling by Egyptian and foreign traders.
On Wednesday, the Egyptian Exchange (EGX) experienced a positive performance, resulting in a market capitalization of EGP 2.288 trillion. The benchmark EGX30 index saw a rise of 0.37%, closing the trading session at 31,049.03 points. Additionally, the Sharia-compliant EGX33 Shariah index gained 1.17%, finishing at 3,342.55 points.
Moreover, both the EGX70 equal-weight index (EWI) and the EGX100 index marked gains of 0.82%, ending at 8,737.67 points, and 0.91%, concluding at 12,115.24 points, respectively. EGX’s turnover reached EGP 3.929 billion, with a total of 1.494 billion shares exchanged through 97,462 transactions during the day.
In terms of trading dynamics, individuals accounted for 73.6% of all transactions, while institutions controlled 26.39%. Egyptian traders made up a significant portion of total transactions at 85.68%, with Arab traders contributing 6.67% and foreign investors at 7.65%. Notably, Arab traders were net buyers with a total of EGP 107.748 million, whereas Egyptian and foreign traders were net sellers, accounting for EGP 24.605 million and EGP 83.143 million, respectively.
In summary, the Egyptian Exchange demonstrated a robust performance on Wednesday, marked by gains across key indices, strong trading volumes, and a healthy market capitalization. Despite a notable portion of net selling by Egyptian and foreign traders, Arab traders contributed positively as net buyers, indicating confidence in the market’s potential.
Original Source: www.zawya.com
