EGX closes in green on Monday

The Egyptian Exchange (EGX) closed marginally higher on Monday, with the benchmark EGX30 index inching up 0.02 per cent to settle at 31,182.37 points, amid cautious trading.

The broader market saw more notable gains. The EGX33 Shariah-compliant index rose 0.50 per cent to 3,235.95 points, while the EGX70 small and mid-cap index increased 0.40 per cent to 8,966.23 points. The EGX100 index, which tracks the wider market, added 0.49 per cent to close at 12,353.73 points.

Total market capitalisation reached 2.2 trillion Egyptian pounds.

Egyptian investors led the buying activity, with net purchases totalling 28.17 billion pounds. In contrast, Arab investors were net sellers at 2.35 billion pounds, while non-Arab foreign investors sold a net 25.82 billion pounds’ worth of shares.

Top gainers

1. Shares of Rights Issue of Arab Developers Holding -1 soared by 14.29 per cent to close at 0.120 Egyptian pounds a share.
2. Shares of Alexandria New Medical Center jumped by 13.28 per cent, closing at 18.250 Egyptian pounds a share.
3. Shares of Copper for Commercial Investment and Real Estate Development climbed by 13.06 per cent, to close at 0.528 Egyptian pounds a share.

Top losers

1. Shares of Arab Valves Company dived by 11.86 per cent, closing at 5.500 Egyptian pounds a share.
2. Shares of Al Baraka Bank Egypt plunged by 7.74 to close at 11.200 Egyptian pounds.
3. Shares of Creast Mark for Contracting and Real Estate Development sank by 3.56 per cent to, closing at 0.705 Egyptian pounds.

Subediting: Y.Yasser