On Wednesday, the Egyptian Exchange (EGX) indices closed positively, with the EGX30 rising by 0.37% and market capitalization at EGP 2.288 trillion. Notably, the EGX33 Shariah index increased by 1.17%. Total turnover reached EGP 3.929 billion, with individuals representing 73.6% of transactions.
On Wednesday, the Egyptian Exchange (EGX) demonstrated an optimistic trend, with its total market capitalization reaching EGP 2.288 trillion. Specifically, the benchmark EGX30 index experienced an increase of 0.37%, closing at 31,049.03 points, while the EGX33 Shariah index saw a notable rise of 1.17%, finishing the trading day at 3,342.55 points.
Additionally, small- and mid-cap indices showed positive movement: the EGX70 equal-weight index rose by 0.82% to 8,737.67 points, and the EGX100 index increased by 0.91% to 12,115.24 points. Overall, the turnover for the day amounted to EGP 3.929 billion, with 1.494 billion shares traded across 97,462 transactions.
Individual investors accounted for 73.6% of all trading activities, whilst institutions made up 26.39%. Notably, Egyptian traders constituted 85.68% of trading transactions, with Arab and foreign investors at 6.67% and 7.65%, respectively. It is also worth mentioning that Arab traders emerged as net buyers with a total of EGP 107.748 million, while Egyptian and foreign traders recorded net sales of EGP 24.605 million and EGP 83.143 million, respectively.
In summary, the Egyptian Exchange exhibited a positive performance on Wednesday, characterized by substantial gains across various indices. The turnover was robust, and while Arab traders were net buyers, Egyptian and foreign investors experienced net selling. This dynamic depicts a mixed sentiment among traders in the marketplace.
Original Source: www.zawya.com
