Egypt’s stocks rebound on Tuesday, snap six-day losing streak

By Amwal Al Ghad English On Feb 15, 2022

Egypt’s stock exchange (EGX) stocks — Egypt’s stock exchange (EGX)

Egypt’s stocks closed higher on Tuesday, snapping a six-day streak of losses, helped by local investors’ buying appetite. Benchmark EGX 30 index climbed 1.40 percent to 11,563 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) edged 1.18 percent higher to 1,986 points, while the fixed-weighted index, EGX 30 Capped grew by 1.06 percent to 13,744 points. In addition, the equal weights index, EGX 50 surged by 1.09 percent to 1,977 points.

The all-embracing index, EGX 100 advanced by 1.14 percent to 2,994 points.

Market Cap

The country’s market capitalisation has posted gains worth around 6.4 billion Egyptian pounds ($405.6 billion), ending the trading at 728.925 billion pounds.

Trading Aggregates

Trading value has approximately reached around 744.464 million pounds, while the trading volume has almost recorded 315.334 million securities executed 36,557 transactions.