The Egyptian stock market saw 10 sectors dominating trading at the end of the week. The construction and engineering sector led the list, with a trading value of 1.217 billion EGP, accounting for 16% of total trading. This was followed by the real estate sector, with a trading value of 1.173 billion EGP, representing 15.4% of total trading. The performance of these sectors indicates significant investor interest.
The non-bank financial services sector ranked third, with a trading value of 986.6 million EGP, making up 12.9% of total trading. The building materials sector came in fourth, with a trading value of 669.1 million EGP, accounting for 8.8% of total trading. The telecommunications, media, and technology sector ranked fifth, with a trading value of 615.3 million EGP, representing 8.1% of total trading.
The healthcare and pharmaceuticals sector ranked sixth, with a trading value of 611.2 million EGP, making up 8% of total trading. The banking sector came seventh, with a trading value of 598.3 million EGP, accounting for 7.8% of total trading. These rankings reflect the diverse sectors that attracted investor attention during the week.
The basic resources sector ranked eighth, with a trading value of 445.2 million EGP, representing 5.8% of total trading. The food and beverages sector came ninth, with a trading value of 398.3 million EGP, making up 5.2% of total trading. The energy and supporting services sector ranked tenth, with a trading value of 258.1 million EGP, accounting for 3.4% of total trading.
On the last trading day of the week, the Egyptian stock market indices rose. The EGX30 index increased by 0.3%, reaching 53,460 points. The EGX70 index for small and medium stocks rose by 0.47%, to 19,735 points. The broader EGX100 index gained 0.38%, reaching 26,052 points. These gains indicate a positive market sentiment.
In contrast, the market experienced losses earlier in the week. On Tuesday, the EGX30 index dropped by 0.48%, closing at 53,298 points. The EGX70 index fell by 0.68%, to 19,642 points, while the EGX100 index declined by 0.69%, to 25,953 points. These losses reflect the market's volatility.
The market also saw significant gains at the start of the week. On Sunday, the EGX30 index rose by 1.61%, reaching 53,911 points. The EGX70 index increased by 3.04%, to 19,952 points, while the EGX100 index gained 2.77%, to 26,366 points. These gains demonstrate the market's potential for growth.
Key points
- The construction and engineering sector led the Egyptian stock market's trading at the end of the week.
- The Egyptian stock market saw significant gains and losses throughout the week.
- The market's performance reflects diverse investor interests across various sectors.
