Egypt: EGX shows positive performance on Thursday
Arab Finance: The Egyptian Exchange (EGX) ended Thursday's trading session in the green zone after the EGX30 rose by 2.43% to 30,810.7 points.
Likewise, the Sharia-compliant index, EGX33 Shariah index, went up by 1.87% to 3,185.29 points.
Both the EGX70 index and the EGX100 index ended the session higher by 2.70% at 8,777.71 points and by 2.57% at 12,091.36 points, respectively.
EGX's turnover amounted to EGP 4.464 billion through the exchange of 1.957 billion shares over 101,248 transactions, whereas the market capitalization reached EGP 2.176 trillion.
Individuals took over 69.48% of the total trading, while the institutions represented 30.51%.
Egyptian investors controlled 78.39% of trading transactions, whereas foreign and Arab traders equaled 16.82% and 4.79%, respectively.
Arab and foreign investors were net sellers with EGP 69.213 million and EGP 49.385 million, respectively. The Egyptian traders were buyers with EGP 118.599 million.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
Egyptian Resorts witnesses $778,537 block trading deal
Arab Finance: Egyptian Resorts Company saw a block trading deal valued at EGP 38.753 million, the Egyptian Exchange (EGX) announced on June 11 th. The EGX highlighted that the transaction was implemented on 4.559 million shares. In 2024, Egyptian Resorts turned profitable at EGP 186.751 million, against consolidated net losses attributable to the parent company of EGP 81.586 million in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 hours ago
- Zawya
Egypt: FRA greenlights EFG Holding's new listing mechanism via U Consumer Finance
Arab Finance: The Financial Regulatory Authority (FRA) has approved the publication of the disclosure report of U Consumer Finance, formerly known as valU and a subsidiary of EFG Holding, for the trading of its shares on the Egyptian Exchange (EGX), the FRA stated on June 10th. The step marks a new legal mechanism proposed by EFG Holding and approved by the FRA, enabling the listing and trading of company shares without the need for a public or private offering or a capital increase. Aِccordingly, EFG Holding will benefit from this first-of-its-kind move in the Egyptian market to use a dividend distribution mechanism as a means to expand the ownership base and listing for trading purposes. The method converts indirect ownership into direct ownership, broadens shareholder participation, and introduces a more flexible approach to market entry for companies operating in the non-banking financial services sector. The company has fulfilled the necessary listing requirements and prepared a report that includes all legal, financial, and technical details of the process. U Consumer Finance will become the first consumer finance company to be listed on the EGX, reinforcing the FRA's strategy to integrate non-banking financial institutions into capital markets. The move aims to expand the base of listed companies in the sector and promote the benefits of listing, including enhanced transparency, governance, funding options, and compliance with sustainability standards. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 hours ago
- Zawya
Egypt: Gadwa for industrial development's EGM approves capital reduction
Arab Finance: Gadwa for Industrial Development's extraordinary general meeting (EGM) agreed to cut the issued capital to EGP 1.962 billion from EGP 2.004 billion, according to a bourse disclosure. The company will reduce its capital by EGP 41.346 million by writing off 21.761 million treasury shares at a nominal value of EGP 1.90 per share, based on 2024 financial statements. In 2024, the EGX-listed firm's consolidated net profits attributable to the parent company hiked by 44.437% to EGP 1.444 billion in 2024 from EGP 1 billion in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
