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

The banking sector ends EGX trading session on Wednesday with slump in the market cap by 1.14% or EGP 234.935 billion compared to EGP 237.635 billion at the end of Tuesday’s session.

The market cap of the banking sector reached 24.16% 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 1.416 billion which represents 32.36% of the total trading volume today after 35.271 million shares were exchanged capturing 3.93% of the total trading volume.

The Egyptian Exchange (EGX) ended Wednesday’s trading session with a varied note after the EGX30 main index rose by 0.42% to 15,528.10 points.

Both EGX50 EWI and EGX100 EWI increased by 1.28% to 2,735.22 points and by 0.34% to 4,227.86 points, respectively.

On the other hand, EGX70 EWI fell by 0.17% and closed the session lower at 2,809.17 points.

The trading value amounted to EGP 4.37 billion after 897.09 million shares were exchanged, whereas the market cap value reached EGP 1.01 trillion.

As for trading on securities, the Egyptian and foreign investors were net sellers with EGP 106.37 million and EGP 1.45 million, respectively. Meanwhile, the Arab traders were net buyers with EGP 107.83 million.