Egypt’s banking sector performance on EGX at Tuesday’s closing session

The banking sector ends EGX trading session on Tuesday with increase in the market cap by 0.41% or EGP 233.007 billion compared to EGP 232.067 billion at the end of Monday’s session.

The market cap of the banking sector reached 24.65% of the total EGX market cap, which is considered the highest percentage among the sectors listed on the Egyptian Stock Exchange.

The turnover on banking sector shares amounted to EGP 123.161 million which represents 5.57% of the total trading volume today after 5.199 billion shares were exchanged capturing 0.37% of the total trading volume.

The indices of the Egyptian Exchange (EGX) closed Tuesday’s trading session in the green zone, with the EGX30 main index inching up by 0.72% to close at 15,068.13 points. The EGX50 EWI added 0.77% to 2,695.43 points. 

Likewise, the small- and mid-cap EGX70 EWI as well as EGX100 EWI rose by 1.90% to 2931.03 points and by 1.57% to 4,326.04 points, respectively.

The turnover reached EGP 2.26 billion after 1.40 billion shares were exchanged, while the market cap value totalled EGP 991.63 billion.

As for trading on securities, the Egyptian and Arab investors were net buyers with EGP 57.50 million and EGP 11.73 million, respectively. Meanwhile, the foreign traders were net sellers with EGP 69.24 million.