Bourse sees strong surge into the green to record LE 1.32trn in market cap.



Tue, 10 Oct 2023 - 05:09 GMT


Tue, 10 Oct 2023 - 05:09 GMT

The Egyptian Exchange (EGX) surges into the green amid Egyptian investor purchases, closing Tuesday trading with a market capitalization of LE 1.323 trillion.

Benchmark index EGX 30 saw a significant jump of 1.62 percent to 19,724.32 points.

Following suit, EGX 70 was up by 1.58 percent to 3,668.55 points, with EGX 100 gaining 1.76 percent to end the session at 5,464.15 points.

Tuesday trading saw 483.81 million shares exchanged with a turnover of LE 2.37 billion.

Trading on securities recorded Egyptian investors as net sellers with LE 440.82 million. Arab and foreign investors were net buyers with LE 213.28 million and LE 227.53 million, respectively.

The top gains of the session were by Samad Misr – EGYFERT which climbed in value by 20 percent, ODIN Investments by 12.9 percent, and Sharm Dreams Co. for Tourism Investment by 11.57 percent.

The largest losses of the session were by Mohandes Insurance with a drop of 12.34 percent, Ismailia National Food Industries by 5.58 percent, and Cairo Pharmaceuticals by 4.38 percent.

Gold prices in Egypt rose for the 2nd consecutive day, with the gold coin reaching LE 18,000, 24-carat gold to LE 2,600 per gram, 21-carat gold to LE 2,275 per gram, and 18-carat gold hitting LE 1,950 per gram.







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