Bourse trading closes in the green on Sunday, buoyed by Arab buying
Cairo – February 16, 2025: The Egyptian Exchange (EGX) kicked the week off with a strong performance, closing with a market cap. of LE 2.2415 trillion.
Benchmark index EGX 30 surged by 1.49 percent to hit 30,443.82 points at the end of Sunday's session, followed by EGX 33 – the Shariah index – with a gain of 1.4 percent to close at 3,163.9 points.
EGX 70 jumped by 1.94 percent to 8,565.71 points, with EGX 100 rising 2.01 percent to end the session with 11,735.55 points.
Sunday trading saw 1.772 billion shares exchanged with a turnover of LE 3.43 billion.
Trading on securities saw Egyptian and foreign traders as net sellers with LE 8.11 million and LE 30.9 million, respectively. Arab traders were net buyers with LE 39.09 million.
The top gains of the session were by Cairo Educational Services which surged by 10.6 percent, Misr National Steel – Ataqa by 8.92 percent, and Emaar Misr for Development by 6.93 percent.
Other notable gains were by eFinance by 5.64 percent, The Arab Dairy Products Co. Arab Dairy – Panda by 4.92 percent, Raya Holding For Financial Investments by 4.68 percent, and Elswedy Electric by 4.63 percent.
The largest losses of the session were by Development & Engineering Consultants which fell by 10.17 percent, Gogreen for Agricultural Investment (which continues its red-streak since its IPO) by 7.79 percent, and El Nasr For Manufacturing Agricultural Crops by 4.67 percent.
Other notable dips were by Juhayna which dropped 3.97 percent, Egyptian Iron & Steel by 0.45 percent, and Orascom Financial Holding by 0.24 percent.
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