06-02-2025
EGX back in the green amid regional buying to add LE 14.9B to market cap.
Cairo – February 6, 2025: Pushed by regional investor purchasing, the Egyptian Exchange (EGX) was able to rally and close on a positive note this Thursday.
Benchmark index EGX 40 was up by 0.93 percent to return to the 30k zone, closing the session with 30,011.84 points. The Shairah index grew by 0.74 percent to reach 3,166.02 points.
EGX 70 increased by 0.81 percent to 8,609.99 points, followed by EGX 100 climbing 0.68 percent to end the session with 11,731.98 points.
Thursday trading saw 2.1 billion shares exchanged with a turnover of LE 3.105 billion.
Market capitalization was recorded at LE 2.2215 trillion, adding around LE 14.9 billion compared to Wednesday's close of LE 2.2066 trillion.
Trading on securities saw Egyptian and Arab investors as net buyers with LE 45.45 million and LE 74 million, respectively. Foreign traders were net sellers with LE 113.4 million.
The top gains of the session were by Cairo Oils & Soap which climbed by 18.18 percent, Gadwa for Industrial Development by 6.89 percent, and South Valley Cement by 6.88 percent.
Notable company gains were Eastern Company which was up by 6.6 percent, Sidpec by 3.6 percent, and Telecom Egypt by 2.4 percent.
The largest losses of the session were by Middle & West Delta Flour Mills which dropped by 5.47 percent, Rowad Tourism (Al Rowad) by 5 percent, and Golden Textiles & Clothes Wool by 4.25 percent.
Notable company losses were Rameda Pharmaceuticals which dropped by 2.2 percent, Qatar National Bank by 2.06 percent, and Beltone Holding by 1.98 percent
