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Tuesday, 24 November 2020

Egypt's bourse gains EGP 55.6 bn in 3 months; all indexes up

MENA , Tuesday 30 Jun 2020
Stock Exchange
Traders work at Egypt's Stock Exchange in Cairo (Photo: Reuters)
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The Egyptian Exchange (EGX) posted gains worth EGP 55.6 billion during the second quarter of 2020 (April-June), where the market capital registered EGP 590 billion, against EGP 534.4 billion in the previous quarter, marking an increase of 10.4 percent.

According to the bourse's monthly report, all indices on the market achieved collective gains, including the EGX 30 benchmark index which increased by 12.2 percent to record 10,764.59 points.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) went up by 45.86 percent to stand at 1,451.26 points.

The all-embracing EGX 100 index was up by about 37.5 percent to reach 2,245.56 points.

Trading on the market during the second quarter went down to stand at EGP 170.2 billion, the report said.

Shares accounted for 37.38 percent of total trading on the bourse, while bonds acquired 62.62 percent of total trading on the market, the report noted.

Net sales of foreign investors on the bourse recorded EGP 6.461 billion, while net sales of Arab investors hit EGP 438.3 million, the report noted.  

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