Latest news with #EGX70
See - Sada Elbalad
20-07-2025
- Business
- See - Sada Elbalad
EGX Concludes Week's First Session with Collective Gains ... Market Cap Gains EGP 16.9 Bln
Taarek Refaat The Egyptian Stock Exchange (EGX) wrapped up its first trading session of the week with broad-based gains, propelled by strong buying activity from both domestic and foreign investors. The market cap saw an impressive rise of EGP 16.9 billion, closing the day at a total of EGP 2.409 trillion. The benchmark index "EGX30" ended the session up by 0.74%, reaching 34,071 points. This positive movement was a clear indication of investor confidence in the market, reflecting an optimistic outlook despite global economic uncertainties. In tandem with the main index "EGX70", which tracks the performance of smaller and mid-sized stocks, surged by 1.68%, closing at 10,298.03 points. The EGX100, which represents a broader spectrum of listed stocks, also gained by 1.5%, settling at 13,937.27 points. The collective growth in indices today is attributed to favorable market conditions, alongside active participation from institutional investors and foreign traders. As the Egyptian economy continues to recover from various challenges, the positive momentum in the stock market indicates a promising outlook for the coming weeks. Experts remain optimistic about the stability and growth prospects of the Egyptian market, particularly with the recent fiscal reforms and economic policies aimed at enhancing investor confidence and boosting economic performance. As we head into the rest of the week, all eyes will be on global economic developments and their potential impact on the local market. However, the solid performance on this first session sets a positive tone for investors looking to capitalize on the opportunities presented by the Egyptian stock exchange. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
09-07-2025
- Business
- See - Sada Elbalad
Stock Exchange Closes on Mixed Note; EGX30 Edges Higher amid Foreign Buying
Taarek Refaat Egypt's stock market (EGX) ended Wednesday's session on a mixed note, with the benchmark index EGX30 standing out as the only gainer, buoyed by foreign and Arab investor appetite. In contrast, broader indices saw mild declines under pressure from local selling activity. The EGX30 index rose 0.25% to close at 33,119 points, continuing its upward trajectory driven by strategic buying in blue-chip stocks. Meanwhile, the EGX70, which tracks small and medium-sized enterprises (SMEs) slipped 0.38% to 10,085 points. The broader EGX100 index posted a marginal decline of 0.05%, ending the session at 13,652 points. Investor Activity Local investors adopted a risk-off approach, emerging as net sellers with total outflows amounting to EGP 55.8 million. On the other hand, Arab and foreign investors were net buyers, injecting EGP 33.09 million and EGP 22.7 million, respectively, into the market. Trading Overview Total trading value: EGP 4.1 billion Number of executed transactions: 91,739 Listed companies traded: 212 Market cap: EGP 2.3 trillion The session saw 64 stocks gain, 115 decline, and 34 remain unchanged, reflecting a cautious trading environment amid economic crosswinds and anticipation of upcoming macroeconomic data. Market Sentiment Analysts note that the resilience of EGX30, despite broader weakness, highlights investor confidence in heavyweight stocks, particularly those benefiting from currency hedging and export-driven earnings. The foreign buying streak also signals renewed interest in Egyptian equities as regional investors seek diversification and yield opportunities. The Stock Exchange has resumed full trading operations after a temporary suspension triggered by a major fire at the Ramses Central Telecommunications Center, one of Cairo's most critical infrastructure hubs. The blaze, which broke out early Tuesday, caused widespread disruption to internet and landline communications, affecting financial institutions, brokerage firms, and retail investors nationwide. The incident highlighted the vulnerabilities of Egypt's digital infrastructure and its central role in capital market operations. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Egypt Today
16-06-2025
- Business
- Egypt Today
Stock market bounces back into the green on Monday
Cairo – June 16, 2025: The Egyptian Exchange (EGX) recovered after yesterday's drop, mainly caused by the weekend's attacks between Israel and Iran, closing Monday in the green. Benchmark index EGX 30 was in the green after yesterday's fall, inching upwards by 0.08 percent to end the session with 31,042.36 points. The shariah index (EGX 33) was up by 0.44 percent to close with 3,243.19 points. EGX 70 surged by 1.21 percent to reach 9,217.02 points, followed by EGX 100 rising by 0.87 percent to end the session with 12,511.41 points. Monday trading reported over 833 million shares exchanged with a turnover of LE 3.647 billion. Market capitalization was recorded at LE 2.2129 trillion. Trading on securities saw Egyptian and Arab investors as net sellers with LE 24.12 million and LE 25.29 million, respectively. Foreign traders were net buyers with LE 3.22 million. The top gains of the session were by Misr Beni Suef Cement which surged by 20 percent during trading, International Company For Fertilizers & Chemicals by 19.89 percent, and Samad Misr -EGYFERT by 14.64 percent.
Egypt Today
11-06-2025
- Business
- Egypt Today
Stock market closes Wednesday session in the green
Cairo – June 11, 2025: The Egyptian Exchange (EGX) made its way into the green despite a mild positive performance. Benchmark index EGX 30inched upwards during trading by 0.09 percent to end the session with 32,953.19 points. EGX 70 was up by 0.18 percent to close with 9,864.92 points, followed by EGX 100 climbing by 0.12 percent to end the session with 13,379.52 points. Wednesday trading reported 1.724 billion shares exchanged with a turnover of LE 5.363 billion. Market capitalization was recorded at LE 2.332,6 trillion. Trading on securities saw Egyptian and Arab investors as net sellers with LE 98.1 million and LE 44.98 million, respectively. Foreign traders were net buyers with LE 143.1 million. The top gains of the session were by EGYFERT with a climb of 20 percent, Mohandes Insurance by 12.31 percent, and Alexandria Spinning & Weaving (SPINALEX) by 10.44 percent.
Egypt Today
10-06-2025
- Business
- Egypt Today
EGX lands in the green by end of post-Eid session
Cairo – June 10, 2025: The Egyptian Exchange ended today's trading session with an increase in indices. Benchmark EGX 30 index – which includes the largest 30 listed companies – closed up by 0.69 percent at 32,904.06 points. The EGX 70 also rose by 1.25 percent, closing the session at 9,847.62 points, followed by the EGX 100 index closed up by 1.32 percent at 13,363.84 points. The total trading value amounted to LE 5.2 billion, with a total of 100,632 transactions. The market capitalization at the end of the session recorded 2.3 trillion Egyptian pounds. Stocks of 125 companies rose, while 56 companies declined, and 32 companies remained unchanged. Trading on securities reported Egyptian investors as net buyers with LE 131.1 million. Arab and foreign investors were net sellers with LE 117 million and LE 14 million, respectively. Individuals accounted for 66.26 percent of total market trades, while institutions represented 33.73 percent. The data also indicated that Arab investors accounted for 5.9 percent of total trades today, while foreign investors made up 18.8 percent, and Egyptians accounted for 75.3 percent.
