Latest news with #EGX33
Egypt Today
23-02-2025
- Business
- Egypt Today
Sunday stock market trading closes in the green against foreign and Arab selling
Cairo – February 23, 2025: The Egyptian Exchange (EGX) closed its Sunday session in the green, posting a positive performance at the start of the last week of February trading. Benchmark index EGX 30 was up by 0.31 percent to close the session with 31,010.25 points, with the Shariah Index (EGX 33) climbed by 0.72 percent to reach 3,256,13 points. EGX 70 surged by 1.13 percent to hit 8,712.22 points, followed by EGX 100 jumping by 0.86 percent to reach 11,977.66 points. Sunday trading reported over 1.370 billion shares exchanged with a turnover of LE 3.385 billion. Market capitalization was recorded at LE 2.2757 trillion. Trading on securities saw Egyptian traders as the sole net buyer with LE 72 million. Arab and foreign investors were net sellers with LE 58.33 million and LE 13.66 million, respectively. The top gains of the session were by Egyptians For Investment & Urban Development which rose by 10.38 percent, United Housing & Development by 9.21 percent, and Egyptian Gulf Marseilia For Real Estate Investment by 8.94 percent. The largest losses of the session were by Egyptian Iron & Steel which dropped by 5 percent, Rowad Tourism (Al Rowad) by 4.93 percent, and Misr Beni Suef Cement by 2.72 percent.
Egypt Today
16-02-2025
- Business
- Egypt Today
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.
Egypt Today
30-01-2025
- Business
- Egypt Today
EGX completes semi-annual review, reveals 26 moves across main 4 indices
Cairo – January 30, 2025: The Egyptian Exchange (EGX) has announced the results of its semi-annual review of market indices, bringing in new companies into its benchmark index EGX 30. Orascom Development, RAMEDA, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and EIPICO have all been added to the index, according to a statement released by the stock market. These six companies will replace six previous constituents: Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, and Heliopolis Housing. The changes, effective from February 1, 2025, aim to reflect the evolving dynamics of Egypt's economy and stock market, providing investors with updated benchmarks for trading. Elsewedy Electric and Ezz Steel's exits were expected with most of Elsewedy's free float shares acquired by Abu Dhabi-based Electra Investment Holding in July, reducing its presence on the bourse, and Ezz Steel moving forward with its voluntary delisting, a decision made after shareholders agreed earlier this week. In addition to the changes in the EGX30; EGX 70, EGX 100, and the newly launched shariah-compliant EGX 33 index also saw some reshuffling. The EGX70 EWI (Equally Weighted Index) saw the addition of 6 new companies, while 6 others were removed, bringing the total number of changes to 17 across the EGX 30 and EGX 70 indices. The EGX 100 EWI experienced changes with the addition and removal of 14 companies. The new additions to the EGX 33 include Delta Sugar, Lecico, Misr National Steel, Egyptian Resorts Company, Icon, Taqa Arabia, and Dice. These companies will replace Elsewedy Electric, Raya Holdings, AMOC, GB Corp, Abu Qir Fertilizers, Egyptian Financial & Industrial, and Gemma on the EGX 33. The semi-annual review highlights the bourse's ongoing efforts to keep its indices aligned with the most active and liquid companies in the market.
