The Egyptian Exchange (EGX) showed positive performance on Wednesday with a market cap of EGP 2.288 trillion. The EGX30 index rose by 0.37%, while the EGX33 Shariah index grew by 1.17%. The small- and mid-cap indices also reported gains, and total turnover reached EGP 3.929 billion, largely driven by individual traders.
On Wednesday, the Egyptian Exchange (EGX) demonstrated favorable performance, with its market capitalization recorded at EGP 2.288 trillion. The EGX30 index, which serves as the benchmark, experienced an increase of 0.37%, ultimately closing at 31,049.03 points. Furthermore, the EGX33 Shariah index appreciated by 1.17%, concluding at 3,342.55 points.
The small- and mid-cap indices also performed admirably, with the EGX70 equal-weight index rising by 0.82% to reach 8,737.67 points, while the EGX100 index climbed by 0.91% to close at 12,115.24 points. Total turnover for the EGX reached EGP 3.929 billion, facilitated by the exchange of 1.494 billion shares across 97,462 transactions.
In terms of trader demographics, individuals accounted for 73.6% of the overall trading transactions, contrasting with institutions which comprised 26.39%. Among these transactions, Egyptian participants constituted 85.68%, while Arab and foreign investors represented 6.67% and 7.65% respectively. Notably, Arab traders emerged as net buyers, amounting to EGP 107.748 million, whereas Egyptian and foreign traders recorded net selling positions of EGP 24.605 million and EGP 83.143 million, respectively.
The EGX displayed a robust performance on Wednesday, highlighted by increases across multiple indices and a significant market capitalization. Notably, individual traders dominated the market, showcasing strong local participation despite discernible net selling by Egyptian and foreign investors. The positive trends in trading activity indicate a resilient market environment in Egypt.
Original Source: www.zawya.com
