EGX’s trading values exceeds LE1T for 1st time ever – Egypt Today

EGX’s trading values exceeds LE1T for 1st time ever – Egypt Today

CAIRO - 3 January 2023: The Egyptian Exchange’s (EGX) trading values exceeded LE 1 trillion for the first time ever during 2022, according to the head of the EGX, Ramy El-Dokani.

El-Dokani said during the press conference on Tuesday that the total trading amount of LE 1.094 billion in 2022, adding that the year witnessed the recording of the largest number of transactions within one day in the history of the Egyptian Stock Exchange, with a number of 109 thousand transactions.

Market capitalization witnessed a significant increase during 2022, reaching its highest level in its history at the end of each year, reaching LE 961 billion, representing 12.3 percent of the gross domestic product (GDP), after it recorded an increase of LE 195.7 billion during 2021, while the total number of transactions implemented during 2022, reached 11 million, compared to 11.4 million in 2021.

The percentage of non-Egyptian transactions on shares listed on the EGX increased during 2022, by 10 percent, to reach 31 percent (22 percent Arabs and 9 percent foreigners), compared to 21 percent in 2021, of which (10 percent Arabs and 11 percent foreigners).

The net trading of Egyptian institutions without deals increased during 2022 to reach LE 22.7 billion, compared