Egyptian and foreign trading push stock market into green zone at end of week

Cairo – January 11, 2024: The Egyptian Exchange (EGX) broke through its streak of mixed performances to close the week in the green zone with a market capitalization of LE 1,780 trillion.

Benchmark index EGX 30 was up by 0.21 percent to end the week with 25,519.25 points.

EGX 70 surged by 1.11 percent to 5,955.56 points, while EGX 100 was up 0.89 percent to close trading on 8,479.36 points.

Thursday trading saw 1.33 billion shares exchanged with a turnover of LE 3.75 billion.

Trading on securities saw Egyptian and foreign traders as net buyers with LE 80.90 million and LE 33.192 million, respectively. Arab traders were net sellers with LE 114.09 million.

The top gains of the session were by Iron and Steel for Mines and Quarries which climbed by 19.96 percent, Dice Sport & Casual Wear by 19.92 percent, and Wadi Kom Ombo Land Reclamation by 16.43 percent.

The largest losses of the session were by Ceramic & Porcelain which dropped by 4.4 percent, Lecico Egypt by 4.02 percent, and Arabia Investments Holding by 3.29 percent.