EGX rises 3.26% with market capitalisation up EGP 11.2bn

Last updated: April 23, 2020 8:49 pm

1 Min Read

A general view of the Egyptian Exchange (EGX) in Cairo August 18, 2013. Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood. Banks and the stock market reopened for the first time since Wednesday's carnage, with shares rapidly falling 2.5 percent. REUTERS/Louafi Larbi (EGYPT - Tags: POLITICS CIVIL UNREST BUSINESS)

The Egyptian Exchange (EGX) ended the week of trading on a collective rise on Thursday, supported by purchases by Arab and local institutions and investment funds, while foreigners turned towards selling.

The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.

The benchmark EGX30 rose by 3.26% to 10,120.46 points, EGX70 EWI also increased by 3.47% to reach 1,146.06 points. The broader EGX100 index was up 2.06% reaching 1,095.11 points.

At the end of trading, the shares of 130 companies recorded an increase, while the shares of 18 companies declined, and 28 companies maintained their previous closing prices.