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Egyptian Stock Market Sees Gains as Trading Week Concludes


CAIRO: The Egyptian Exchange (EGX) concluded its Thursday trading with a positive trajectory, adding LE 2.9 billion to its market capitalization. The benchmark index, EGX 30, experienced a modest rise of 0.18 percent, closing at 30,795.09 points. This upward trend was mirrored by the Shariah index, which increased by 0.36 percent to 3,183.67 points.

According to State Information Service Egypt, the EGX 70 index rose by 0.64 percent, ending at 8,575.03 points, while the EGX 100 index saw an increase of 0.49 percent, closing at 11,735.07 points. The trading session on Thursday recorded an exchange of 1.826 billion shares, with a turnover reaching LE 4.479 billion. The market capitalization at the close was LE 2.2633 trillion, reflecting a rise from the previous day’s LE 2.2604 trillion.

The trading session revealed that Egyptian traders were net buyers, contributing LE 1 billion, whereas Arab and foreign investors were net sellers, with sales amounting to LE 994.8 million and LE 8 million, respectively. The s
ession’s top performers included Tanmiya for Real Estate Investment, which saw an 11.4 percent increase, Cairo Educational Services with a rise of 10.7 percent, and M.B Engineering, which climbed by 10.62 percent.

Conversely, the session’s largest declines were observed in East Delta Flour Mills, which fell by 9.01 percent, North Cairo Mills with a decrease of 5.9 percent, and United Housing and Development, which dropped by 5.39 percent.