22-05-2025
Stock market continues to rally as it closes week with green streak
Cairo – May 22, 2025: The Egyptian Exchange (EGX) continues to rally, closing the week with a 3-day green streak.
Benchmark index EGX 30 was up by 0.44 percent to hit 31,975.63 points.
The Shariah index rose similarly, rising 0.4 percent to reach 3,268.79 points.
EGX 70 climbed by 0.75 percent to close the session with 9,389.83 points, followed by EGX 100 jumping by 0.69 percent to reach 12, 776.68 points.
Thursday trading reported 1.741 billion shares exchanged with a turnover of LE 13.506 billion.
Market capitalization rose to record LE 2.2476 trillion.
Egyptian and Arab investors were net sellers during the session with LE 21.282 billion and LE 237.2 million, respectively. Foreign traders were the sole net buyers with LE 21.519 billion.
The top gains of the session were by Upper Egypt Flour Mills which surged by 16.69 percent, East Delta Flour Mills by 12.41 percent, and Universal For Paper and Packaging Materials (Unipack) by 11.97 percent.
The US dollar continued to slip against the Egyptian Pound, with a modest drop since Wednesday's close, hitting its lowest rate in the past few months.
The LE is currently LE 49.89 against the greenback, down from yesterday's close of LE 49.93. (May 22, 3 PM).
Since the start of the current month, the USD had been facing a consecutive downward trend, losing nearly LE 1.8 in recent weeks.
