The Egyptian Exchange (EGX) showed positive performance on Wednesday, with a market capitalization of EGP 2.288 trillion. The EGX30 rose by 0.37%, and the EGX33 Shariah index gained 1.17%. Trading turnover reached EGP 3.929 billion, with individuals comprising 73.6% of transactions. Arab traders were net buyers, while Egyptian and foreign traders were net sellers.
On Wednesday, the Egyptian Exchange (EGX) experienced a favorable trading session, with market capitalization reaching EGP 2.288 trillion. The benchmark EGX30 index saw an increase of 0.37%, closing at 31,049.03 points. Additionally, the EGX33 Shariah index rose by 1.17% to finish at 3,342.55 points, indicating a generally positive trend across the indices.
The small and mid-cap EGX70 equal-weight index also performed well, increasing by 0.82% to close at 8,737.67 points. Meanwhile, the EGX100 index saw a rise of 0.91%, finishing at 12,115.24 points. This performance reflects a robust trading atmosphere.
In terms of trading volume, EGX recorded a turnover of EGP 3.929 billion, with 1.494 billion shares traded across 97,462 transactions. Individual investors accounted for a significant portion, representing 73.6% of total transactions, while institutions made up 26.39%. Egyptian traders dominated the market, constituting 85.68% of transactions.
Furthermore, Arab traders were net buyers, acquiring EGP 107.748 million, while both Egyptian and foreign investors emerged as net sellers, with figures of EGP 24.605 million and EGP 83.143 million, respectively. Such data highlights the varying investment behaviors among different trader demographics.
In summary, the Egyptian Exchange exhibited positive performance on Wednesday, with key indices such as EGX30 and EGX33 experiencing gains. The overall market capitalization reached EGP 2.288 trillion, bolstered by strong trading volume, where individual investors played a dominant role. Meanwhile, Arab investors were notable net buyers in contrast to net selling behaviors from Egyptian and foreign traders, reflecting diverse market dynamics.
Original Source: www.zawya.com
