Finance

Egypt: EGX shows positive performance on Thursday

Retail investors represented 74.27% of total trading, while institutions made up 25.72%.

The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The EGX30 index grew by 0.06% to 37,677.19 points.

Likewise, the EGX35-LV also went up by 1.10% to 4,201.59 points.

Both the EGX70 index and the EGX100 concluded the trading session higher by 0.76% at 11,654.08 points and by 0.60% at 15,364.41.

The turnover hit EGP 6.286 billion through the exchange of 3.150 billion shares over 131,941 transactions, while the market cap amounted to EGP 2.692 trillion.

Egyptians took over 85.99% of trading transactions, while Arab and foreign traders accounted for 6.28% and 7.73%, respectively.

Retail investors represented 74.27% of total trading, while institutions made up 25.72%.

Foreign and Arab traders were sellers with EGP 164.661 million and EGP 131.438 million, respectively. Egyptian investors were buyers with EGP 296.100 million.

© ZAWYA

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

The Danes, the Dutch, the Swedes and the feasibility of walking away from pay-as-you-go pensions

Prefunded pensions in Denmark, the Netherlands and Sweden pair income security with fiscal sustainability, but…

3 days ago

Worker-managed firms can curb inequality and protect free markets

Rising income inequality in Western high-income countries threatens democratic governance and social cohesion, and AI…

3 days ago

Not all geopolitical shocks are inflationary

Geopolitical tensions are often seen as a source of inflation. But this is only part…

3 days ago

Cultural norms matter for macroeconomic development

Interest in the role of cultural norms, institutions, and development has resurfaced in recent years…

3 days ago

The adjustment of the Danish labour market to AI has begun

Policymakers are asking whether generative AI is reshaping labour demand, and the literature has found…

3 days ago

Women entrepreneurs could benefit from better targeting, without changing the program content

Every year, governments and development organizations spend billions on business upgrading programs — training, mentorship,…

3 days ago