Egypt’s banking sector market cap rose 1.75% on Wednesday closing session

The banking sector ends EGX trading session on Wednesday with an increase in the market cap by 1,57 or EGP 237.796 billion compared to EGP 232.8 billion at the end of Thursday session.

The market cap of the banking sector reached 26.19% 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 330.142 million after 11.787 billion shares were exchanged, which represents 1 % of the total trading volume.

The indices of the Egyptian Exchange (EGX) closed Wednesday’s trading session in the green territory, with the EGX30 main index hiking by 1.99% to 14,787.05 points.

Likewise, the EGX50 EWI added 1.32% to 2,485.58 points.

Moreover, the small- and mid-cap EGX70 EWI as well as EGX100 EWI rose by 1.38% to 2,704.48 points and by 1.41% to 3,986.88 points, respectively.

The turnover amounted to EGP 3.29 billion after 1.20 billion shares were exchanged, while the market cap value reached EGP 945.73 billion.

The Egyptian and Arab investors were net buyers with EGP 24.12 million and EGP 125.32 million, respectively. Meanwhile, the foreign traders were net sellers with EGP 149.45 million.