In January, Egypt stocks gain US$3.5 billion

In January, Egypt stock market shares gained 26.7 billion Egyptian pounds (US$3.5 billion). The country’s main stock index, EGX30 jumped by 10.27% during one month of trading to close at 9843 points.

For the mid- and small-cap index, the EGX70 edged up by 1.97% to close at 577 points. The price index EGX100 also surged by 5.01% to conclude at the level of 1145 points.

Furthermore, market capitalization ended at EGP 526.773 billion by the end of January’s sessions, 5% up from EGP 500.02 billion by the end of last December’s sessions.

Turnovers & Market Summary

Throughout January, EGX’s traded volume reached around 2.887 million securities worth turnovers of around EGP 21.7 billion, exchanged through 476 thousand transactions. Noting that, through last December the traded volume had reached 4.764 million securities worth turnovers of around EGP 27.0 billion, exchanged through 623 thousand transactions.

Elsewhere, the traded volume for the EGX of SMEs – NILEX during January has amounted to 15.1 million securities worth EGP 24.4 million, exchanged through 4225 thousand transactions.

For EGX’s Over-The-Counter – OTC trading, the shares had seized 66.14% out of the total traded value; while traded value of the bonds represented around 33.86% in January.