The main index of the Egyptian stock exchange, “EGX30,” which includes the largest 30 listed companies, has recorded gains of over 21 percent since the beginning of the current year, reaching levels of 17,665 points. It has outperformed the main indices of Arab financial markets.
The EGX70 index also recorded gains of over 26 percent since the start of the year, while the EGX100 index achieved semi-annual gains of more than 26 percent.
According to a statement issued by the Egyptian stock exchange, the market capitalization of listed companies has maintained its stability above one trillion Egyptian pounds, reaching approximately 1.18 trillion pounds, an increase of about 215 billion pounds since the beginning of the current year.
The statement added that the total trading value in the first half of 2023 reached 242 billion pounds compared to 141 billion pounds in the first half of the previous year.
Moreover, the Egyptian stock exchange has witnessed a record number of new investors during the first half of 2023, with around 224,000 investors. This brings the total number of registered investors to over 740,000 as of June 2023.
In terms of capital increases, the stock exchange reported approximately 8.3 billion pounds in capital increases compared to 6.1 billion pounds in the first half of the previous year. The cash dividend distributions in the first six months of 2023 amounted to around 24.7 billion pounds, compared to approximately 23.5 billion pounds in the same period of the previous year.