EGX sees bullish trend on Wednesday with EGX33 Shariah Index debut
Updated 6/12/2024 3:00:00 PM
Arab Finance: The Egyptian Exchange’s (EGX) indices witnessed a bullish trend on Wednesday, with market capitalization reaching EGP 1.770 trillion.
The benchmark EGX30 index gained 0.20%, finishing the session at 26,133.39 points.
The small- and mid-cap EGX70 equal-weight index (EWI) added 2.25%, reaching 5,868.69 points, while the EGX100 index increased by 1.61%, ending the session at 8,455.21 points.
The sharia-compliant index, EGX33 Shariah index, rose 0.54% on its first day of launch, closing the session at 2,554.88 points.
Trading volume amounted to 680.904 million shares exchanged through 68,159 transactions at a turnover of EGP 1.978 billion.
Retail investors controlled 77.35% of total trading transactions, while institutional investors made up 22.64% of trading.
Egyptian traders made up 86.6% of total trading transactions, while Arab and foreign investors accounted for 5.3% and 8.09%, respectively.
Egyptian and Arab traders were net buyers to the tune of EGP 44.247 million and EGP 57.227 million, respectively. Foreign investors were net sellers with EGP 101.474 million.
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