Egyptian Exchange Opens Thursday’s Session with Broad-Based Gains
The Egyptian Exchange (EGX) opened Thursday’s trading session on a positive note, with all major indices posting gains in early trading. Investor sentiment appeared upbeat as key benchmarks edged higher across the board.
Benchmark Indexes Rise in Early Trading
The EGX30, which tracks the performance of Egypt’s largest and most liquid companies, rose by 0.13% to reach 37,703.37 points at the start of the session.
Meanwhile, the EGX70 EWI, which measures the performance of small- and mid-cap stocks, gained 0.47% to record 11,620.38 points. The broader EGX100 EWI also advanced by 0.41%, reaching 15,336.34 points.
Market Capitalization and Trading Activity
At the start of the session, the market capitalization stood at approximately EGP 2.6 trillion, reflecting continued investor interest across multiple sectors.
The total value of trades reached around EGP 436 million, executed through 15,900 transactions, indicating a moderate level of early market activity.
Positive Momentum Ahead of Mid-Month Trading
Market analysts attribute the early gains to renewed confidence in Egyptian equities amid expectations of improved corporate earnings and continued foreign inflows. Investors will be watching closely to see if the momentum sustains throughout the session and into next week’s trading.