Egyptian investors accounted for 92% of total trading on the Egyptian stock exchange during the week ended December 24, 2023. Foreigners accounted for 1.7%, and Arabs accounted for 6.4%, after excluding deals, according to the Egyptian Stock Exchange’s weekly report. Foreigners recorded net purchases of EGP 53.9 million, while Arabs recorded net purchases of EGP 59.7 million, after excluding deals.
Egyptian investors accounted for 86.4% of the value of trading in listed shares since the beginning of the year after excluding deals, while foreigners accounted for 6.1%, and Arabs accounted for 7.5%. Foreigners recorded net sales of EGP 3.7 billion in the Egyptian stock market since the beginning of the year, while Arabs continued to record net purchases of around EGP 3.9 billion on listed shares after excluding deals since the beginning of the year.
The Egyptian stock exchange’s main index, the EGX 30, rose by 1.59% to close at 24,691.43 points during the week ended December 24, 2023. The EGX 70 small and medium-cap index rose by 1.37% to close at 5,462.98 points, the EGX 100 equal-weighted index rose by 1.15% to close at 7,854 points, the EGX 30 fixed-weighted index rose by 1.70% to close at 29,877.31 points, and the EGX 30 PRIME index rose by 1.55% to close at 6,394.29 points.
The Egyptian stock market’s market capitalization lost around EGP 71.4 billion during the week ended December 24, 2023, to close at EGP 1.594 trillion, down 4.3%. The market capitalization of the main index fell from EGP 1.117 trillion to EGP 1.045 trillion, down 6.5%, while the market capitalization of the small and medium-cap index rose from EGP 344.2 billion to EGP 346 billion, up 0.5%.
