Egypt’s banking sector market cap rose 2.78% on Wednesday closing session

The banking sector ends EGX trading session on Wednesday with an increase in the market cap by 2.78% or EGP 243.414 billion compared to EGP 236.414 billion at the end of Tuesday session.

The market cap of the banking sector reached 25.71% 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 493.7 million after 15.438 billion shares were exchanged, which represents 1.10% of the total trading volume.

The indices of the Egyptian Exchange (EGX) closed Wednesday’s trading session on a collective rise, with the EGX30 main index higher by 1.50% at 15,378.28 points.

The EGX50 EWI went up by 1.72% to 2,665.22 points.

The small- and mid-cap EGX70 EWI as well as EGX100 EWI also closed higher by 1.99% to 2,882.72 points and by 1.64% to 4,247.39 points, respectively.

The turnover amounted to EGP 3.85 billion after 1.40 billion shares were exchanged, while the market cap value totalled EGP 984.74 billion.

As for trading on securities, the Egyptian investors were net buyers with EGP 496.70 million. Meanwhile, the Arab and foreign traders were net sellers with EGP 198.42 million and EGP 298.27 million, respectively.