EGX 30 index closes up 1.61% at 53,911 points driven by cement and real estate

Egyptian stock market indices closed Sunday's trading session on a collective rise, as the main index, EGX 30, climbed 1.61% to close at 53,911.1 points, extending its gains in a session that saw simultaneous gains across all market indices.

The mid-cap index EGX 70 rose 3.04% to 19,952.98 points, while EGX 100 gained 2.77% to reach 26,366.99 points. EGX 100 includes the hundred largest listed companies, while EGX 70 focuses on less liquid small and mid-cap stocks. The performance of the Egyptian market is measured through these three indices, which cover different segments of companies.

Stocks in the cement and real estate sectors led the gainers list, while trading value reached 9.714 billion EGP, and market capitalization reached 4.263 trillion EGP. The broadening of gains indicates the participation of multiple sectors in the rise rather than just a single sector.

Foreign investors recorded net sales worth 222.5 million EGP during the session, a trend that diverges from the upward price trajectory in the same session. The increase reflects an improvement in risk appetite within the Egyptian market, which investors are monitoring amid exchange rate movements and interest rates.

What do these terms mean?

EGX 30: The main index of the Egyptian Exchange, measuring the performance of the top 30 companies in terms of liquidity and market value. EGX 70: An index comprising small and mid-cap stocks. EGX 100: An index comprising the hundred largest companies listed on the exchange. Market Capitalization: The total value of shares of listed companies on the exchange. Market Value: The total value of shares of listed companies, calculated by multiplying the share price by the number of shares. Foreign Net Sales: The difference between sales and purchases by foreign investors, serving as an indicator of flow direction. Index: A statistical measure that tracks the prices of a group of stocks to measure market performance.