Sunday stock market trading closes in the green against foreign and Arab selling
Benchmark index EGX 30 was up by 0.31 percent to close the session with 31,010.25 points, with the Shariah Index (EGX 33) climbed by 0.72 percent to reach 3,256,13 points.
EGX 70 surged by 1.13 percent to hit 8,712.22 points, followed by EGX 100 jumping by 0.86 percent to reach 11,977.66 points.
Sunday trading reported over 1.370 billion shares exchanged with a turnover of LE 3.385 billion.
Market capitalization was recorded at LE 2.2757 trillion.
Trading on securities saw Egyptian traders as the sole net buyer with LE 72 million. Arab and foreign investors were net sellers with LE 58.33 million and LE 13.66 million, respectively.
The top gains of the session were by Egyptians For Investment & Urban Development which rose by 10.38 percent, United Housing & Development by 9.21 percent, and Egyptian Gulf Marseilia For Real Estate Investment by 8.94 percent.
The largest losses of the session were by Egyptian Iron & Steel which dropped by 5 percent, Rowad Tourism (Al Rowad) by 4.93 percent, and Misr Beni Suef Cement by 2.72 percent.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
6 hours ago
- See - Sada Elbalad
EGX Concludes Week's First Session with Collective Gains ... Market Cap Gains EGP 16.9 Bln
Taarek Refaat The Egyptian Stock Exchange (EGX) wrapped up its first trading session of the week with broad-based gains, propelled by strong buying activity from both domestic and foreign investors. The market cap saw an impressive rise of EGP 16.9 billion, closing the day at a total of EGP 2.409 trillion. The benchmark index "EGX30" ended the session up by 0.74%, reaching 34,071 points. This positive movement was a clear indication of investor confidence in the market, reflecting an optimistic outlook despite global economic uncertainties. In tandem with the main index "EGX70", which tracks the performance of smaller and mid-sized stocks, surged by 1.68%, closing at 10,298.03 points. The EGX100, which represents a broader spectrum of listed stocks, also gained by 1.5%, settling at 13,937.27 points. The collective growth in indices today is attributed to favorable market conditions, alongside active participation from institutional investors and foreign traders. As the Egyptian economy continues to recover from various challenges, the positive momentum in the stock market indicates a promising outlook for the coming weeks. Experts remain optimistic about the stability and growth prospects of the Egyptian market, particularly with the recent fiscal reforms and economic policies aimed at enhancing investor confidence and boosting economic performance. As we head into the rest of the week, all eyes will be on global economic developments and their potential impact on the local market. However, the solid performance on this first session sets a positive tone for investors looking to capitalize on the opportunities presented by the Egyptian stock exchange. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
CairoScene
18 hours ago
- CairoScene
MSMEDA Injects LE 2.2 Billion Into Alexandria Projects Since 2014
Egypt's enterprise agency has channelled LE 2.2 billion into Alexandria since 2014, backing micro, small, and medium-sized businesses, training programmes, and infrastructure upgrades. Jul 20, 2025 Egypt's Micro, Small and Medium Enterprises Development Agency (MSMEDA) has invested LE 2.2 billion in Alexandria since July 2014, supporting more than 51,000 projects and generating over 110,000 job opportunities. According to MSMEDA CEO Basel Rahmy, the funding included LE 102 million allocated to infrastructure, training programmes, and community development, resulting in 718,000 workdays across the governorate. The announcement came during a meeting with Alexandria Governor Ahmed Khaled to discuss strengthening industrial projects in areas such as Borg El Arab and Merghem. The agency also reviewed efforts to formalise unregistered businesses so they can benefit from new tax and regulatory incentives. These reforms include Law 6 of 2025, which introduced simplified tax rates starting at 0.4% of annual turnover, alongside exemptions from various duties to support MSME growth.
Egypt Independent
3 days ago
- Egypt Independent
Pyramids set for world-class transformation with new Sound & Light Show: Naguib Sawiris
Naguib Sawiris, Chairman of Orascom Investment Holding, announced via his official X (formerly Twitter) account that a new Sound & Light Show, befitting Egypt's grandeur, will soon be organized at the Pyramids archaeological area. His statement came after attending the existing Sound & Light presentation. This development follows the Chamber of Tourism Companies and Travel Agencies' announcement on Wednesday, that the current Sound & Light Shows at the Pyramids area have resumed and will continue until Sunday, July 20. A single show is being held daily at 8:30 PM in English. Commercial International Bank (CIB) has approved a medium-term loan of LE 963 million to finance the creation and development of the new Sound & Light Shows and their dedicated presentation area at the Pyramids and Sphinx. This funding covers necessary equipment, machinery, and civil works. The loan is directed to OSL Entertainment Projects, a subsidiary of Orascom Investment Group, which is undertaking the development with the aim of transforming the site into a world-class cultural and entertainment destination.
