EGX shows strong growth in July-end/Sept

Egypt’s main index, EGX30, recorded a notable increase of 13.76 per cent, closing at 31,587.04 points during the July to the end of September period, a report by the Egyptian Exchange (EGX) showed on Tuesday.

The EGX70 index, which focuses on medium to small enterprises, also surged an impressive 21.7 per cent, reaching 7,538.3 points during the reporting period. The S&P EGX/ESG index also saw gains, rising by 12.02 per cent to close at 6,346.92 points.

In addition, the EGX30 capped index experienced a significant jump of 14.54 per cent, closing at 39,020.69 points, while the EGX100 EWI saw an increase of 19.44 per cent, reaching 10,732.02 points in the third quarter.

Market Cap in Q3

According to the EGX quarterly report, the market capitalisation during the reporting period rose to 2,184.7 billion Egyptian pounds, reflecting a 16.7 per cent increase.

Trading Activity in Q3

Total trading activity on the EGX reached 3,880.5 billion Egyptian pounds, comprising 67,372 executed securities across 7,213 transactions in the third quarter. This marked a significant rise compared to the second quarter, where total trading amounted to 2,502.2 billion Egyptian pounds across 44,466 executed securities over 5,130 transactions.

The report further notes that indexes constituted 8.23 per cent of the total trades, while securities treasury bills accounted for 91.77 per cent of trading movements in the third quarter.

Attribution: EGX

Subediting: M. S. Salama