The EGX indices showed positive movement with the EGX30 up by 0.37% at 31,049.03 points and market capitalization at EGP 2.288 trillion. The EGX70 and EGX100 indices also gained, and individual investors dominated trading. Arab traders were net buyers while Egyptian and foreign traders sold off some positions.
On Wednesday, the Egyptian Exchange (EGX) exhibited a positive performance with a market capitalization of EGP 2.288 trillion. The benchmark EGX30 index increased by 0.37%, concluding at 31,049.03 points. Additionally, the EGX33 Shariah index rose by 1.17%, finishing at 3,342.55 points.
The small- and mid-cap indices performed well, with the EGX70 equal-weight index (EWI) climbing 0.82% to 8,737.67 points and the EGX100 index rising by 0.91% to 12,115.24 points. Trading activity was robust, with a turnover of EGP 3.929 billion across 97,462 transactions involving 1.494 billion shares.
During the trading session, individual investors comprised 73.6% of transactions, while institutional traders accounted for 26.39%. Egyptian traders dominated with 85.68% of the trading volume, followed by Arab and foreign investors at 6.67% and 7.65%, respectively. Arab traders emerged as net buyers with EGP 107.748 million, while Egyptian and foreign traders recorded net selling of EGP 24.605 million and EGP 83.143 million, respectively.
The EGX displayed favorable trends on Wednesday, marked by the rise of major indices and active trading. With individual investors leading the market, the performance reflects a dynamic exchange environment, highlighted by both net buying and selling activities among various investor segments.
Original Source: www.zawya.com
