Egyptian stocks close out week with mixed results

Muhammed Khalid , Thursday 27 Jul 2023

The Egyptian Exchange (EGX) indices fluctuated over the week that ended on 27 July. The EGX30 benchmark index declined by 1.36 percent to end at 17,339 points.

File Photo: The Egyptian Exchange (EGX). Al-Ahram
File Photo: The Egyptian Exchange (EGX). Al-Ahram


The EGX70 index rose by 0.46 percent to close at 3,516.5 points, while the EGX100 slipped 0.29 percent to end at 5,171.05 points.

"The EGX indices achieved varied performance throughout the week. Trading movements were weak and there were shortages in liquidity due to the capital hikes [in different companies]," Trader Manager at Universal Brokerage Mohamed Atta told Ahram Online

"The market still has promising investment opportunities as most companies achieve positive financial results," Atta noted.

Over the week, the market cap edged lower by 0.12 percent to reach EGP 1.179 trillion.

Total tradings hit a value of around EGP 8.6 billion, generated through 246,000 transactions on 2.9 billion shares.

Egyptians accounted for 85.1 percent of all the transactions during the week, while non-Arab foreigners and Arabs made up 7.8 percent and 7.1 percent, respectively.

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