Egypt’s banking sector market cap rose 0.56% on Tuesday closing session

The banking sector ends EGX trading session on Tuesday with an increase in the market cap by 0.56 or EGP 234.1 billion compared to EGP 232.8 billion at the end of Thursday session.

The market cap of the banking sector reached 26.63% of the total EGX market cap, which is considered the highest percentage among the sectors listed on the Egyptian Stock Exchange.

The indices of the Egyptian Exchange (EGX) closed Tuesday’s trading session with a positive performance. The EGX30 main index rose by 1.19% to 14,498.29 points.

Likewise, the EGX50 EWI grew by 1.24% to 2,453.24 points.

Moreover, the small- and mid-cap EGX70 EWI as well as EGX100 EWI increased by 0.53% to 2,667.68 points and by 0.86% to 3,931.56 points, respectively.

The turnover amounted to EGP 2.64 billion after 899.75 million shares were exchanged, while the market cap value reached EGP 931.35 billion.

As for trading on securities, the Egyptian and Arab investors were net buyers with EGP 32.28 million and EGP 150.10 million, respectively. Meanwhile, the foreign traders were net sellers with EGP 182.39 million.