Amid Egyptian and foreign selling, EGX begins February on a mixed note

BY

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Sun, 02 Feb 2025 - 03:55 GMT

BY

Sun, 02 Feb 2025 - 03:55 GMT

Cairo – February 2, 2025: Starting the month off with a mixed performance, the Egyptian Exchange (EGX) saw its benchmark index slip, closing the session with a market capitalization of LE 2.2261 trillion.

The benchmark index, EGX 30, dropped by 0.31 percent to close right under the 30k mark, ending the session with 29,917.96 points. The shariah index inched down by 0.02 percent to reach 3,175.52 points.

EGX 70 was up by 0.34 percent to reach 8,580.59 points, with EGX 100 rising by 0.24 percent to end the session with 11,726.6 points.

Sunday trading saw 1.8 billion shares exchanged with a turnover of LE 3.68 billion.

Trading on securities saw Egyptian and foreign investors as net sellers with LE 28.24 million and LE 28.65 million, respectively. Arab traders were net buyers with LE 56.9 million.

The top gains of the session were by Cairo Educational Services which rose by 11.63 percent, Arab Valves Company by 11.4 percent, and Egyptian Chemical Industries (Kima) by 8.84 percent.

The largest losses of the session were by Rubex International for Plastic and Acrylic Manufacturing which fell by 6.11 percent, Rakta Paper Manufacturing by 4.67 percent, and Orascom Financial Holding by 4.62 percent.

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