Egyptian ​Stock Exchange Sees Collective Increase in Trading

The Egyptian Stock Exchange recorded a collective increase at the end of trading, with the main index breaking a solid barrier above 31,000 points. According to Mohamed Lotfi, Managing Director of Fleet Securities Trading Company, the index is ​now moving strongly to reach the 34,500 point level before the end of ​the year.

Factors Supporting the Market

Lotfi cited several factors supporting the market, including new ⁣investment projects between Egypt and some Gulf countries such as Saudi Arabia, Kuwait, and the Emirates. These projects have led to an increase in liquidity and a return to ⁢investors.

Market Performance

The market capitalization of stocks listed on the Egyptian Stock Exchange increased by 1.1%, with shares gaining about 22 billion pounds. The market capitalization ⁣closed at 2.092 trillion pounds.

Indices Performance

The EGX30 ⁤index rose 1.44% to close at 30,937 points. The EGX 70 ⁣equal-weight index of small- and mid-cap stocks closed up 0.1% at 7,100 points. The EGX​ 100 Equal Weight index recorded an increase of 0.38%, closing at 10,169 points.

Trading Value and Volume

The total ‍trading value on the Egyptian Stock Exchange decreased to 304.7 billion pounds. The trading ⁤volume was about 3.282 billion securities executed in 381 thousand ⁢transactions.​ In-booth accounts for a 5.19% share of the total trading value, while bonds and treasury bills‌ represent about 94.81%‌ of⁤ the trading value.

Trading Volume Distribution

The total trading volume⁣ of the companies listed in ⁤the stock market index is ‍distributed among ​9.6 billion pounds in the main stock market index “EGX30”, with a trading volume of⁢ 619.5 million executed securities and 147.5 thousand transactions. The trading value of shares in the ⁣EGX70 ⁤index is approximately 4.012 billion pounds, with a trading volume of 1.9 billion securities executed through 137.2 thousand transactions.