Latest news with #EGX30
Zawya
3 days ago
- Business
- Zawya
Egypt: EGX closes Tuesday's session in red zone
Arab Finance: The Egyptian Exchange (EGX) closed Thursday's trading session in the red zone, with the EGX30 index declining by 0.46% to 32,703.92 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, fell by 1.02% to 3,401.44 points. Both the EGX70 index and the EGX100 index ended the session lower by 0.85% at 9,882.63 points and by 0.96% at 13,348.18 points, respectively. The turnover hit EGP 5.185 billion through the trading of 1.619 million shares in 114,235 transactions, while the market cap reached EGP 2.326 trillion. Retail investors equaled 69.25% of the total trading, while the institutions represented the remaining 30.74%. Foreign and Arab traders accounted for 15.34% and 3.38% of the trading transactions, respectively. The Egyptian investors took over 81.27%. Foreign investors were sellers with EGP 452.543 million. Egyptian and Arab traders were buyers with EGP 409.266 million and EGP 43.277 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
Egypt: EGX ends Tuesday's session with collective gains
Arab Finance: The Egyptian Exchange (EGX) closed Tuesday's trading session in the green zone after the EGX30 index climbed by 3.76% to 32,598.55 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, went up by 3.04% to 3,381.35 points. Both the EGX70 index and the EGX100 index ended the session higher by 3.39% at 9,610.02 points and by 3.36% at 13,088.48 points, respectively. EGX's trading value reached EGP 6.267 billion through the exchange of 1.935 billion shares in 128,446 transactions, while the market cap totaled EGP 2.311 trillion. Arab and foreign traders represented 6.75% and 6.33% of the trading transactions, respectively. The Egyptian investors controlled 86.91%. Retail investors took over 73.9% of the total trading, while the institutions equaled 26.09%. Egyptian and foreign investors were buyers with EGP 78.275 million and EGP 31.416 million, respectively. The Arab traders were sellers with EGP 109.69 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
CNBC
22-06-2025
- Business
- CNBC
Gulf markets end higher, shielded from major turmoil after the U.S. strike on Iran
Markets across the Middle East ended mostly higher on Sunday after the United States entered the war between Israel and Iran and struck three key Iranian nuclear sites, Fordo, Natanz and Isfahan. Stocks in Tel Aviv reached an all-time high on Sunday on bets that Washington's entrance into the conflict with Tehran would help it to come to an end, despite the Iranian Foreign Minister's insistence that the country could not return to diplomacy "while under attack." The broader TA-125 index was trading 1.77% higher on Sunday, while the TA-35, Tel Aviv's blue-chip index, was up 1.5%. Equities climbed in Israel last week after the country hit targets in Iran. In the Gulf, Saudi Arabia's Tadawul opened Sunday trading nearly half a percent higher before erasing earlier gains and closing down 0.3%. Qatar gained 0.2% and Bahrain's index added 0.3%. Bahrain, home to the U.S. Central Command, issued a "work from home mandate" on Sunday, urging citizens to "only use main roads when necessary to maintain public safety." Egypt's benchmark EGX30 was the major gainer in the region, closing 2.7% higher on Sunday. "The Gulf has distanced itself and has been calling for appeasement, supporting a peaceful resolution, and has gone as far as condemning Israeli aggression," Fadi Arbid, founding partner and CIO of Amwal Capital Partners, told CNBC. He explained that such rhetoric "has helped the Gulf isolate itself from conflict" and any significant short-term market impact, adding that the net mid-term is positive. "The market might be priced in on removing a big overhang, which is the Iranian threat," Arbid said, which "at least the international investor would look at positively" once the issue of Iran is removed. Saudi Arabia, the UAE and Qatar have all released statements in the last 24 hours, the UAE urged an immediate halt to escalation to "avoid serious repercussions" in the region, while Saudi Arabia expressed concern and Qatar said it "deplored deterioration" in the conflict between Israel and Iran. Investors will be watching for swings in the oil market when it opens later this evening, and whether Iran intends to block the Strait of Hormuz, a crucial waterway through which a quarter of the world's oil supply passes. Tanker Trackers, a website that tracks global oil shipments, said that as of 3:40 p.m. UAE time on Sunday, "tanker traffic is still moving in both directions within the Strait of Hormuz," citing AIS data. "Oil prices are likely to open higher, further increasing the geopolitical risk premium," Giovanni Staunovo, a commodity analyst at UBS told CNBC on Sunday, adding that oil will maintain a "risk premium for now," and prices will remain volatile in the near term as it is "unclear how the conflict might evolve." Prices fell 2% on Friday, before U.S. President Donald Trump moved to enter the war between Israel and Iran. Brent futures have jumped 11% since Israel's attack on Iran less than two weeks ago, and both Brent and U.S. crude oil have remained volatile since. Prices are expected to rise on Monday following Washington's strike on Iran's nuclear facilities. "Oil markets are likely to take the U.S. attacks as a substantial escalation of the war and price in elevated security of supply risks." Edward Bell, acting chief economist at Emirates NDB, told CNBC. He added that markets remain bound by headlines, not fundamentals and said to expect "big swings" in the coming days. "While there remains no interruption to flows of oil coming out of the Gulf and oil infrastructure has not come under direct attack, markets will still likely price in an elevated geopolitical premium," Bell said.
Zawya
19-06-2025
- Business
- Zawya
Egypt: EGX ends Wednesday's trading session up
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session with collective gains, with the EGX30 index going up by 0.37% to 30,838.98 points. The Sharia-compliant index, EGX33 Shariah index, rose by 0.63% to 3,214.17 points. Both the EGX70 index and the EGX100 index closed the session higher by 0.54% at 9,040.23 points and by 0.56% at 12,302.61 points, respectively. EGX's turnover stood at EGP 3.033 billion through the trading of 1.155 billion shares in 105,349 transactions, while the market cap hit EGP 2.183 trillion. Retail investors controlled 70.65% of the total trading, while the institutions equaled the remaining 29.34%. Arab and foreign traders accounted for 4.82% and 4.67% of the trading transactions, respectively. The Egyptian investors took over 90.52%. The Egyptian investors were sellers with EGP 199.243 million. Foreign and Arab traders were buyers with EGP 143.335 million and EGP 55.908 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
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.
