International Courant
The Egyptian Inventory Trade posted report earnings in Could 2024, supported by sturdy inventory purchases in lots of sectors towards the backdrop of continued optimism about bettering financial circumstances, with a rise in forex flows and a lot of credit standing companies elevating the score of the Egyptian inventory alternate. The Egyptian economic system, accompanied by the announcement of many massive takeover offers value of corporations listed on the Egyptian Inventory Trade, proving the elevated luring energy of the Egyptian economic system.
The Egyptian Inventory Trade’s month-to-month report – a replica of which was acquired by MENA on Friday – confirmed that the market capitalization of shares of listed corporations gained about LE139 billion throughout Could 2024 transactions, to about LE1.813 trillion, in comparison with LE1.674 trillion in transactions from the earlier month, a rise of 8.29 %.
The principle and secondary indices of the Egyptian Inventory Trade recorded collective positive aspects throughout Could 2024 buying and selling, as the principle inventory index (EGX30) rose by 10.12 % to the extent of 26922.76 factors and the small and medium inventory index (EGX70) rose . by 6.43 % to achieve the extent of 5932.24 factors, the report mentioned. Beneficial properties additionally included the broader EGX100 index, which rose about 7.76 % to achieve the 8,554.56 level degree, it added.
The full worth of trades throughout the month’s trades amounted to LE747.8 billion and the inventory market accounted for 10.54 % of the full worth of trades within the alternate sales space, whereas bonds and payments throughout the month amounted to roughly 89.46 % and the transactions of Egyptian traders accounted for 10.54 % of the full worth of commerce on the alternate sales space. for 75 % of complete restricted inventory transactions, whereas international traders are 14.4 % and Arab traders 10.6 %, after excluding offers, the report mentioned.
The Egyptian Inventory Trade’s month-to-month report acknowledged that international traders’ transactions generated internet purchases value LE671.3 million, whereas the Arabs recorded internet gross sales value LE4.138 billion, after excluding offers.
The Egyptian inventory alternate makes report earnings in Could 2024, the principle index rises by 10.12 %
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