EGX closes week with mixed performance ahead of MPC meeting – Egypt Today

EGX closes week with mixed performance ahead of MPC meeting – Egypt Today

Cairo – May 23, 2024: The Egyptian Exchange (EGX) ended the week on a mixed note ahead of the final Monetary Policy Committee meeting of FY2023/2024, which will set interest rates until the end of the fiscal year.

Benchmark index EGX 30 slipped into the red by 0.08 percent to close the session at 27,205.14 points.

On the other hand, EGX 70 was up by 0.82 percent to 5,940.01 points, with EGX 100 climbing by 0.59 percent to end the session at 8,587.17 points.

Thursday trading reported 661.37 million shares exchanged with a turnover of LE 5.26 billion.

Market capitalization was recorded at LE 1.837,5 trillion, losing approximately LE 1.5 billion compared to yesterday’s LE 1.839 trillion.

Trading on securities saw Egyptian and foreign investors were net buyers with a net value of LE 116.9 million and LE 109.8 million, respectively. Arab investors were net sellers with LE 226.72 million.

The top gains of the session were by MM Group for Industry And International Trade which climbed by 10.5 percent, Cleopatra Hospital Company by 7.57 percent, and Electro Cable Egypt by 6.15 percent.

The largest losses of the session were by Digitize for Investment and Technology which fell by 19.74 percent, Misr Fertilizers Production Company – Mopco