Egyptian Stock Market Gains EGP 26 Billion as EGX30 Rises 1.47%
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Egyptian Stock Market Gains EGP 26 Billion as EGX30 Rises 1.47%
The Egyptian Exchange (EGX) added approximately EGP 26 billion to its market capitalization at Wednesday’s close, as the benchmark EGX30 index advanced while small- and mid-cap stocks and the broader market ended the session in negative territory.
The main index of the Egyptian Stock Exchange rose by 1.47% during Wednesday's trading session, closing at 52,854 points, supported by gains in leading stocks, most notably Commercial International Bank (CIB) and Talaat Moustafa Group. The EGX70 equal-weighted index fell by 0.96% to 17,732 points, and the broader EGX100 index declined by 0.55% to 23,881 points. The rise in the EGX30 was driven by buying momentum... [The article "Will Institution…
EGX Rally Gains Institutional Support as Foreigners Sell Government Debt
Egyptian equities extended their recovery on Tuesday, October 20, as the benchmark EGX30 rose 1.94% to 52,089.01 points and domestic and foreign institutions returned to net buying. Market breadth strengthened sharply, while MNT-Halan made a positive trading debut and Banque du Caire’s public offering became oversubscribed. Yet the improvement contrasted with continued foreign selling of […] The post EGX Rally Gains Institutional Support as Fore…
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