Egypt’s EGX30 hits highest level in 32 months

Doaa A.Moneim , Monday 14 Nov 2022

Egypt’s main index (EGX30) closed on Monday at the highest level in 32 months to surpass 12,000 points.

stock exchange
File Photo: A general view of the Egyptian stock exchange in Cairo


The EGX30 measures the performance of the largest 30 companies listed in the Egyptian capital market in terms of their liquidity and activity during the EGX transactions.

The index’s performance was driven by Fintech services provider Fawry, state-owned Eastern Company, the Commercial International Bank (CIB), Palm Hills Development, Egypt Telecom and state-owned fintech services provider e-finance.

EGX70EWI – which measures the leading small and medium enterprises – also rose on Monday by 0.15 compared to Sunday level to 2,283.24 points.

Egypt’s stock exchange has started to recover from the repercussions of the Russian-Ukrainian conflict that began in February, which caused the Egyptian economy to lose EGP 465 billion (over $19 billion).

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