United Media Services Chairman Tarek Nour resigns due to health reasons

Egypt's EGX30 climbs 1.51% as market capitalization increases by LE 40 billion

Egypt's stock market continued its upward trend for a second day on Wednesday, driven by institutional buying from local investment funds. Conversely, foreign and Arab institutions, along with retail investors, showed a preference for net selling. The market capitalization of listed companies saw an increase of approximately LE 40 billion, closing at LE 3.516 trillion. Total market turnover reached around LE 81.7 billion, which included bond, treasury bill, and ownership transfer transactions. Equity trading specifically accounted for roughly LE 9 billion. The benchmark EGX30 index advanced by 1.51 percent, closing at 50,733.14 points. The EGX70 index also rose by 1.4 percent to 13,328.2 points, and the broader EGX100 gained 1.33 percent, ending the session at 18,641.21 points.