Egypt Daily News – On Sunday, the Egyptian Stock Exchange experienced a significant gain, with an increase of approximately 58.2 billion pounds in market capitalization, bringing the total to 2.032 trillion pounds compared to 1.974 trillion pounds at the end of the previous week.
The main market index, EGX30, rose by 2.72%, reaching 29,532 points. Similarly, the small and medium-sized companies index, EGX70, increased by 2.33% to close at 6,653 points. The Islamic Sharia indices saw an increase of 2.94% to 2,847 points, while the EGX100 index rose by 2.53% to 9,572 points.
Investors in Egypt showed a buying trend with a net purchase of 2.446 billion pounds. In contrast, both Arab and foreign investors were net sellers, with net sales of 220 million pounds and 2.225 billion pounds, respectively.
The total trading volume reached about 3.9 billion pounds, comprising 1.168 billion shares traded through 118,000 transactions.
Top Gaining Stocks
The stocks that recorded the highest gains during Sunday’s trading session included:
- Arabian Engineering Industries: Up 11.2% to close at 1.2 pounds
- Elsewedy Electric: Up 11% to 62 pounds
- Arab Energy: Up 8.72% to 15.7 pounds
- Alexandria Container and Cargo Handling: Up 7% to 49 pounds
- Arab Valves: Up 6.29% to 1.69 pounds
Top Declining Stocks
Conversely, the stocks that saw the most significant declines were:
- Memphis Pharmaceuticals and Chemical Industries-1: Down 3.45% to 17 pounds
- Prime Holding: Down 2.88% to 0.608 pounds
- Memphis Pharmaceuticals: Down 2.38% to 34 pounds per share
- General Ceramics: Down 2% to 12.2 pounds
- Egyptian Iron and Steel: Down 1.78% to 36.9 pounds per share
Overall, the session was marked by positive trading activity, bolstered by strong buying interest from local investors.
