The Egyptian Exchange witnessed a positive performance during this week’s trading, after succeeding in recouping part of its previous losses.
Strong gains in market capitalization
It recorded strong gains in market capitalization, amounting to about ninety-three billion pounds.
In addition, the market value of listed shares increased to about three trillion and two-thirds of pounds by the end of the week, compared to about three trillion and one-third pounds.
With a growth rate of two and a half percent. This performance reflects improved investor confidence and the return of activity to the Egyptian stock market.
Key Indicators
At the level of major indices, the EGX 30 index recorded a strong performance, as the market capitalization of its shares rose.
compared to less than two trillion pounds last week, achieving a growth of three and a half percent.
The “EGX Seventy Equal-Weighted Index” also extended its gains, with the market value of its shares rising.
compared to eight and two-thirds of the billion pounds at the beginning of the week, an increase of one and a half percent.
The EGX 100 index recorded a remarkable growth of less than 3%.
Compared to less than two and three-quarters of a trillion pounds at the beginning of the period.
Positive performance of corporate stocks
Shares of small and medium-sized enterprises (SMEs) also performed positively, with their market capitalization rising.
compared to three-quarters of a billion pounds, with a growth rate of less than three percent.
On the other hand, the paid-up capital of listed companies declined slightly to five hundred and fifty-six billion pounds.
compared to five hundred and sixty billion pounds at the beginning of the week, a decrease of less than half%.
Therefore, despite this limited decline, the SME market recorded the highest growth rate.
It rose from less than a quarter of a billion pounds to more than one billion pounds, achieving a strong jump of more than fifty-five percent.
This reflects the remarkable activity in this sector during the recent period.
Finally, these results have brought about a gradual recovery of the Egyptian stock exchange.
