The Egyptian stock market closed on September 30 with a mixed performance, as the main index EGX30 dropped 0.77% to 51,894 points. The EGX30 weighted index fell 0.65% to 64,525 points, while the EGX30 total return index decreased 0.77% to 24,213 points. On the other hand, the EGX35-LV index, which tracks low-volatility stocks, rose 0.93% to 6,322 points. The market's capital reached 4.056 trillion Egyptian pounds, losing around 20 billion pounds.
In terms of investor activity, Egyptian investors accounted for 88.1% of total transactions on the stock market on September 30, while foreign investors made up 8.9% and Arab investors made up 3.0%. Foreign investors recorded a net purchase of 412.1 million Egyptian pounds, while Arab investors recorded a net purchase of 34.8 million Egyptian pounds. Since the beginning of the year, Egyptian investors have accounted for 88.3% of total transactions, followed by foreign investors at 7.6% and Arab investors at 4.2%.
The market witnessed a decline in the previous session, with the EGX30 index dropping 0.33% to 52,297 points on September 29. The EGX30 weighted index fell 0.32% to 64,945 points, while the EGX30 total return index decreased 0.33% to 24,400 points. The market's capital lost around 15 billion Egyptian pounds, closing at 4.076 trillion Egyptian pounds.
On September 28, the market experienced a significant decline, with the EGX30 index dropping 1.06% to 52,468 points. The EGX30 weighted index fell 1.25% to 65,151 points, while the EGX30 total return index decreased 1.4% to 24,480 points. The market's capital lost around 51 billion Egyptian pounds, closing at 4.091 trillion Egyptian pounds.
The market also declined on September 27, with the EGX30 index dropping 1.39% to 53,031 points. The EGX30 weighted index fell 1.76% to 65,974 points, while the EGX30 total return index decreased 1.42% to 24,739 points. The market's capital lost around 96 billion Egyptian pounds, closing at 4.142 trillion Egyptian pounds.
Some indices performed better, with the EGX70 index, which tracks medium and small-sized companies, rising 1.11% to 18,625 points on September 30. The EGX100 index also rose 0.64% to 24,776 points. However, the Islamic Sharia index fell 0.56% to 6,251 points.
Overall, the Egyptian stock market experienced a mixed close in September, with some indices performing better than others. The market's capital fluctuated throughout the month, influenced by various economic and political factors.
Key points
- Egyptian investors accounted for 88.1% of total transactions on the stock market on September 30.
- The EGX30 index dropped 0.77% to 51,894 points on September 30.
- The market's capital reached 4.056 trillion Egyptian pounds, losing around 20 billion pounds on September 30.
