Egypt’s stock market closes higher, EGX 30 climbs 1.48% on Monday

By Amwal Al Ghad English On Nov 9, 2020

Egypt’s stock exchange’s (EGX) indexes ended higher on Monday, with the benchmark EGX 30 index surging 1.48 percent higher to 10,838 points triggered by foreign investors’ buying appetite following Joe Biden’s winning in the U.S. election.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) jumped 2.38 percent to 1,914 points, while the fixed-weighted index, EGX 30 Capped gained 2.05 percent to 12,786 points. The all-embracing index, EGX 100 edged 2.43 percent higher to 2,799 points. Meanwhile, the equal weights index, EGX 50 advanced 2.47 percent to 2,039 points.

Market Cap

Total market capitalisation has posted gains worth 7.2 billion Egyptian pounds ($460.1 million) to close at 618.438 billion pounds on Monday.

Trading Aggregates

Also on Monday, the trading value has approximately reached 2.1 billion pounds, while the trading volume has almost recorded 459.275 million securities executed 48,183 transactions.