Egypt’s banking sector market cap fell 0.27% on Thursday closing session

The banking sector ends EGX trading session on Thursday with an increase in the market cap by 0.27% or EGP 234.1 billion compared to EGP 237.157 billion at the end of Thursday session.

The market cap of the banking sector reached 26.24% 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 306.323 million after 9.410 billion shares were exchanged, which represents 11.20 % of the total trading volume.

The Egyptian Exchange (EGX) ended Thursday session in the green zone, adding around LE 5.55 billion to the market capitalization, amid foreign purchases.

The benchmark EGX30 increased 0.35 percent, or 51.26 points, to end at 14,838.31 points.

The equally weighted index EGX 50 hiked 0.96 percent, or 23.89 points, to end at 2,509.47 points.

The small and mid-cap index EGX 70 rose 0.89 percent, or 24.02 points, to close at 2,728.5 points, and the broader index EGX 100 climbed 0.83 percent, or 33.04 points, at 4,019.92 points.

Market capitalization gained around EGP 5.55 billion, recording EGP 951.28 billion, compared to EGP 945.73 billion in Wednesday’s session.

The trading volume reached 972.61 million shares, traded through 91,019 transactions, with a turnover of LE 2.78 billion.

Foreign investors were net buyers at LE 71.12 million, while Egyptian and Arab investors were net sellers at LE 4.63 million, and LE 66.49 million, respectively.