Monday EGX trading pushes benchmark to 30k points for 2nd time in its history

Cairo – March 4, 2024: The Egyptian Exchange (EGX) reported an impressive performance on Monday amid Arab selling, closing trading with an increase of LE 78 billion to the market cap.

Benchmark index EGX 30 soared by 5.11 percent to close the session at a remarkable 30,542.33 points. This is the second time in the exchange’s history that the benchmark has risen above 30k points, after breaking its record on January 30th.

EGX 70 climbed by 2.10 percent to end at 7,445.16 points, with EGX 100 jumping by 2.81 percent to settle at 10,525.55 points.

Monday trading saw 918.58 billion shares exchanged with a turnover of LE 6.41 billion.

Market capitalization was recorded at LE 2.076 trillion, compared to Sunday’s LE 1.998 trillion.

Trading on securities reported Egyptian and foreign traders as net buyers with LE 42.64 million and LE 18.06 million, respectively. Arab investors were net sellers with LE 60.71 million.

The top gains of the session were by GB Corp which jumped by 16.97 percent, T M G Holding by 15.42 percent, and Delta Sugar by 12.25 percent.

The largest losses of the session were by Contact Financial Holding which dropped by 6.01 percent, Sinai Cement by 5.78 percent, and El Nasr for Manufacturing Agricultural Crops by 4.91 percent.