Home StocksEGX Egypt Shares Gain EGP8.1 bln in Week, Turnovers Grow 35%

Egypt Shares Gain EGP8.1 bln in Week, Turnovers Grow 35%

by Yomna Yasser

In a week, Egypt bourse has managed to gain EGP 8.1 billion shrugging off the clashes erupted during the second anniversary of Mohamed Mahmoud.

The capital market reached EGP 414.911 billion on Thursday, compared to EGP 406.822 billion a week earlier.

Accordingly, the Egyptian Exchange’s benchmark index EGX 30 index surged by 3.69% this week, representing an increase of 230 points, ending Thursday’s transactions at 6457 points compared to 6227 points at the end of a week earlier.

The main gauge index hit its highest point on Wednesday closing at 6497.56 points, where its lowest point recorded on Sunday at 6275.52 points.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 1.13% closing at 536  points during Thursday’s session, compared to 530 points at the end of a week earlier. The price index, EGX100 also advanced by 1.58% concluding by 896 points during Thursday’s session, against 882 points at the end of a week earlier.

Turnovers & Volumes:

Also in a week, the EGX has registered a decline of 35% in its turnovers to EGP 3.6 billion, compared to EGP 2.7 billion a week earlier. The volume of trades hit  1.011 billion securities, compared to 863 million securities a week earlier.

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