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

The banking sector ends EGX trading session on Monday with increase in the market cap by 1.57% or EGP 247.159 billion compared to EGP 243.344 billion at the end of Thursday’s session.

The market cap of the banking sector reached 24.98% 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 253.664 million which represents 9.16% of the total trading volume today after 8.618 million shares were exchanged capturing 0.86% of the total trading volume.

The performance of the Egyptian Exchange (EGX) indexes varied at the end of Monday’s trading session, with the EGX30 main index levelling up by 0.59% to 16,096.87 points. On the other hand, the EGX50 EWI lost 0.06% to 2,770.94 points.

The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices retreated by 1.28% to 2,883.63 points and by 0.85% to 4,331.06 points, respectively.

EGX’s turnover amounted to EGP 2.80 billion after 999.89 million shares were exchanged. The market cap value stood at EGP 1.03 trillion.

As for trading on securities, the Egyptian and foreign traders were net buyers with EGP 93.16 million and EGP 25.06 million, respectively. Meanwhile, Arab investors were net sellers with EGP 118.23 million.