The Egyptian Exchange (EGX) has wrapped up the week on a positive note, with the main index EGX30 inching up by 0.08% to close at 31,276.91 points. Among other indices, the Shariah-compliant EGX33 showed a healthy rise of 0.35%, reaching 3,061.04 points. The small to midsize enterprises index, EGX70, also saw a modest increase of 0.07%, closing at 7,425.65 points. Meanwhile, the broader EGX100 index climbed 0.13% to finish at 10,577.64 points.
In terms of market capitalization, Egypt’s total market value hit a noteworthy 2,149,703,494,200 Egyptian pounds by the week’s end. Net buyers included both Egyptian investors and non-Arab foreigners, with purchases amounting to 1,920,589,625 Egyptian pounds and 1,033,089,709 Egyptian pounds, respectively. On the flip side, Arab investors were net sellers, offloading shares worth 2,953,679,334 Egyptian pounds.
Top Gainers
1. Sabaa International Company for Pharmaceutical and Chemical (SIPC.CA)
– Shares soared by 20.00%, closing at 0.906 Egyptian pounds per share.
2. Cairo Educational Services (CAED.CA)
– Shares surged by 19.98%, ending at 40.480 Egyptian pounds per share.
3. Alexandria New Medical Center (AMES.CA)
– Shares jumped by 19.85%, to close at 24.880 Egyptian pounds per share.
Top Losers
1. Egyptian Gulf Marseilia for Real Estate Investment (MAAL.CA)
– Shares dived by 6.17%, finishing at 3.650 Egyptian pounds per share.
2. Misr Duty Free Shops (MFSC.CA)
– Shares sank by 6.12%, closing at 33.290 Egyptian pounds per share.
3. Contact Financial Holding (CNFN.CA)
– Shares shed 5.59%, to stand at 4.730 Egyptian pounds per share.
The performance of the EGX this week reflects a buoyant market sentiment, driven by diverse sectors including pharmaceuticals, education, and healthcare. As always, investors are advised to keep a close eye on market movements and sector-specific developments.