Egypt’s Main Gauge Solely Falls, Stocks Gain EGP2.9bn in Week

Big 5

In a week, Egypt’s stocks gained 2.9 billion Egyptian pounds powered by announcing the winning consortium to draw the general plan for the Suez Canal project.

However, the country’s main stock index, EGX30 dropped 0.14% in a week, with a decline of 13.3 points, ending Thursday’s transactions at 9373.27 points, versus 9386.57 points at the end of a week earlier.

The main gauge index registered its highest point on Sunday closing at 9443.81 points, whereas its lowest point recorded on Monday at 9316.13 points.

On the other hand, the mid- and small-cap index, the EGX70 inched up in a week by 1.5% closing at 652.32 points during Thursday’s session, compared to 642.93 points at the end of a week earlier. The price index, EGX100 also surged by 1.4% concluding by 1165.48 points during Thursday’s session, against 1149.54 points at the end of a week earlier.

Furthermore, the market capitalization closed at EGP 519.8 billion last Thursday, compared to EGP 516.9 billion at the end of a week earlier.

Turnovers Higher

Through the week, the trading volume hit around 951.7 million securities, compared to 958.7 million securities at the end of a week earlier. For the traded value, it reached around EGP 5.4 billion against EGP 4.6 billion a week earlier.