In a positive turn of events for Egypt’s stock market, the Egyptian Exchange (EGX) closed on a high note. The main index, EGX30, experienced a growth of 0.94%, reaching 30,658 points. Meanwhile, the Shariah-compliant index, EGX33, saw an impressive rise of 1.38%, closing at 3,168.15 points.
The index for small and medium enterprises, EGX70, increased by 1.51%, ending the session at 8,029.1 points. Additionally, the broader EGX100 index climbed by 1.37%, finalizing at 11,224.93 points. The market capitalization soared to a total of 2,208,526,246,410 Egyptian pounds.
In trading activities, Egyptian investors were on a buying spree, with acquisitions amounting to 3,045,470,044 Egyptian pounds. In contrast, Arab and non-Arab foreign investors were net sellers, offloading shares worth 1,182,301,897 Egyptian pounds and 1,863,168,147 Egyptian pounds, respectively.
Top Gainers:
1. National Housing for Professional Syndicates (NHPS.CA) shares skyrocketed by 19.98%, closing at 62.380 Egyptian pounds per share.
2. Contact Financial Holding (CNFN.CA) saw its shares ascend by 11.28%, trading at 5.030 Egyptian pounds per share.
3. Sharkia National Food (SNFC.CA) shares surged by 10.40%, reaching a price of 3.290 Egyptian pounds per share.
Top Losers:
1. Sabaa International Company for Pharmaceutical and Chemical (SIPC.CA) witnessed its shares fall by 4.52%, closing at 1.480 Egyptian pounds per share.
2. Rakta Paper Manufacturing (RAKT.CA) experienced a decline of 4.44%, ending at 18.510 Egyptian pounds per share.
3. Alexandria National Company for Financial Investment (ANFI.CA) saw a drop of 3.38%, closing at 21.430 Egyptian pounds per share.
