HomeEconomyEgyptian stock exchange raises billions of pounds

Egyptian stock exchange raises billions of pounds

The Egyptian Stock Exchange ended the day with a collective rise in its indexes, with market cap up by £9.3bn. The EGX30 Index rose 2.24% to close at 10,063.58, while the EGX 70 Equal Weights SME Index rose 0.55% to 2161.88, while the EGX 100 equilibrium index” increased by 0.99% to the level of 3095.22 points.

And economic circles have received news of the apology of the head of the Central Bank for his position, as President Abdel Fattah al-Sisi issued a republican decision appointing Tarek Amer as an adviser to the president of the republic.

President Sisi thanked Tarek Amer for his efforts during his tenure as head of the Central Bank and accepted his apology for retaining his position.

The Egyptian Stock Exchange was fluctuating at the end of the trading session yesterday, Tuesday, in the middle of the week session, as the main index fell under the pressure of falling leading stocks, while the EGX70 and EGX100 indices rose against the background of strong trading, and market capital lost 1.45 billion pounds sterling and closed at 669.530 billion fei.

Equity trading volume reached 900m securities worth £1.4bn through 56.2k trades for 190 companies. .76%.

The net transactions of Arab and foreign individuals and organizations in the sale, as a rule, were 11.2 million pounds, 1.6 million pounds, 23.3 million pounds and 99.3 million pounds, respectively, while the net transactions of Egyptian individuals and organizations, as a rule, purchases amounted to 80.1 million pounds and 55.3 million pounds, respectively.

Source: El Iktisad

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