Egyptian stock exchange reaches highest level since 2020 due to Arabs

The market value of shares listed on the Egyptian Stock Exchange rose by 8.1 billion pounds by the end of Thursday’s trading session, the last session of the week, supported by buying by Arab investors.

The main index broke through the 12,500 mark, reaching its highest level since February 2020, to close at £821.742bn.

The total trading value was about 2.1 billion pounds and the number – 721 million securities executed on 68,000 transactions, while transactions of Arab investors, as a rule, bought for a net worth of 214 million pounds, while the Egyptians and Arabs intended to sell, with a net worth of around £30 million and £184 million respectively.

The main stock index EGX30 rose 1.41%, the highest gain since February 2020, to close at 12515 points, the EGX50 index rose 0.55% to close at 2185 points, and the EGX30 index rose 1.03 % to close. at the level of 2185 p. 15047 p., and the EGX30 total return index increased by 1.34%, closing at around 5112 p.

The EGX70 Equal Weights Small and Medium Companies Index rose 1.1% to close at 2388, while the EGX100 Equal Weights Index rose 0.93% to close at 3482. .

Lecico Egypt shares rose the most during today’s trading, up 19% to close at £8.5, followed by Mardev shares up 11.3% to £0.11, and third, Suez Canal Bank, up 10.24%, to close 9 lbs.

National Bank Real Estate Share came in fourth, up 10.16% to close at £27.2, and Grand Investment Holding was in fifth place, up 9.19% to £8.6 a share.

Source: Cairo 24