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EGX continues uptrend for 2nd session

EGX continues uptrend for 2nd session

ArabFinance: The Egyptian Stock Exchange’s (EGX) indices maintained its positive performance for the second session on October 7th.

The benchmark index EGX 30 rose 1.62% to close at 11,326.98 points. 

The small and medium-sized enterprises index EGX 70 went up by 0.67% to close at 2,006.1 points, while the broader index EGX 100 closed at 2,932.55 points, marking a rise of 1.03%.

Trading volume reached 441.019 million shares executed through 49,593 transactions, with a total value of EGP 1.572 billion. Market capitalization amounted to EGP 631.149 billion. 

Egyptian investors made up 84.89% of total transactions, while foreign and Arab investors accounted for 8.77% and 6.33%, respectively.

Individuals represented 64.37% of total trades, while institutions contributed to 35.62%.

The top five performers by trading volume were Orascom Investment Holding (OIH)Porto Group (PORT)Arabia Investments Holding (AIH)Emaar Misr for Development (EMFD), and Palm Hills Developments (PHD).    

However, the worst top performers by price were the International Company for Investment and Development (ICID)GlaxoSmithKline Egypt (BIOC)Egypt for Poultry Company (EPCO), Global Telecom Holding, and Ismailia Development and Real Estate Company (IDRE)

(PACH)    

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