EGX closes Thursday on positive note
Updated 10/31/2024 3:36:00 PM
Arab Finance: The Egyptian Exchange (EGX) wrapped up Thursday’s trading session on a positive note, with all indices posting gains and market capitalization climbing to EGP 2.208 trillion.
The benchmark EGX30 index rose by 0.94%, closing at 30,658 points.
The small- and mid-cap EGX70 equal-weight index (EWI) jumped 1.51%, closing at 8,029.1 points, while the EGX100 EWI also saw significant gains, rising by 1.37% to end the session at 11,224.93 points.
Meanwhile, the EGX33 Shariah index followed suit with a 1.38% increase, finishing the session at 3,168.15 points.
Trading activity was robust, with a total volume of 988.787 million shares traded through 101,533 transactions, generating a turnover of EGP 4.188 billion.
Retail investors were particularly active, accounting for 69.04% of total trading transactions, while institutional investors made up 30.95%.
Egyptian traders dominated the market with 78.52% of total trading transactions, while Arab and foreign investors accounted for 11.76% and 9.72%, respectively.
Net purchases were driven by non-Arab foreign investors, who bought EGP 45.567 million. In contrast, Egyptian and Arab traders were net sellers with EGP 33.969 million and EGP 11.598 million, respectively.
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