business

“Banks” top the list of sectors traded in the stock exchange, with a value of 2.7 billion pounds


The banking sector topped the ranking of sectors traded on the Egyptian Stock Exchange, in terms of trading value during last week’s sessions, after it recorded a trading volume of 74.6 million papers, at a value of 2.7 billion pounds. While the non-banking financial services sector ranked third with a trading volume of 679.7 million papers at a value of EGP 1.8 billion, followed by the basic resources sector with a trading volume of 113.3 million papers at a value of EGP 1.7 billion, then the communications, media and information technology sector with a trading volume of 472 million papers, at a value of EGP 1.7 billion. 1.3 billion pounds.

In sixth place was the services, industrial products and cars sector, with a turnover of 126 million executed papers at a value of EGP 484.4 million, then the food, beverage and tobacco sector with a trading volume of 97.1 million executed papers at a value of EGP 352.2 million, then the health care and pharmaceutical sector with a trading volume of 175.6 million executed papers. With a value of EGP 238.4 million, then the energy and support services sector with a trading volume of 33 million executed papers at a value of EGP 234.5 million, then the textiles and durable goods sector with a trading volume of 227.4 million executed papers at a value of EGP 233 million.

The utilities, paper and packaging materials sectors came in the last two places, respectively, with the first trading volume reaching 1.2 million executed papers, at a value of 45.9 million pounds, and the second with a trading volume of 6.3 million papers, at a value of 6.5 million pounds.

The Egyptian Stock Exchange, a leading market in the region, is registered with a number of individual investors, financial institutions, and investment funds. Listing helps provide many advantages, including: the necessary financing to help industrial, commercial, and service entities to grow sustainably, and to diversify the funding sources available to them.

The listing on the stock exchange contributes to expanding the ownership base of companies, improving the performance of companies, strengthening the principles of transparency and governance systems in them, and diversifying their resources.

Related Articles

Back to top button