Real Estate Sector Tops EGX with EGP 7.1 bn Turnover in August

Real Estate Sector Tops EGX with EGP 7.1 bn Turnover in August

The real estate sector tops the trading value of the sectors traded on the Egyptian Exchange (EGX) in August 2022 with a trading value of EGP 7.1 bn and a trading volume of EGP 4.6 bn shares, Invest-Gate reports.

The banking sector came in second place with a trading value of EGP 4.5 bn and a trading volume of 139.95 mn shares, followed by the non-banking financial services sector with a trading value of EGP 3.6 bn and a trading volume of 2.7 bn shares.

As for the telecommunications sector, it came in the fourth place with a trading value of EGP 2.97 bn and a trading volume of 1.99 bn shares, subsequently the basic materials sector with a trading value of EGP 2.4 bn and a trading volume of 293.6 mn shares.

Additionally, the main index of EGX, EGX30, closed at a growth of 5.61% in August 2022 to settle at 9,998 points, while the EGX70 EWI index rose by 17.82% to settle at 2,201 points.

By the end of August, the EGX gained EGP 51.8 bn, closing the market capital of the shares listed in the inside market at EGP 685.2 bn with an 8.18% growth rate, compared to EGP 633.4 bn at the end of July.

August’s total trading value reached EGP 100 bn and its trading volume reached 19.8 mn papers executed on 1.299 mn transactions, compared to July’s EGP 39.8 bn in trading value and trading volume of 6.634 mn papers executed on 532,000 transactions.

Egyptians’ transactions recorded 82.9% of the total transactions on listed shares, while foreigners accounted for 11.9% and Arabs accounted for 5.3%, excluding deals.

Moreover, foreigners recorded EGP 16.2 mn net sales, while Arabs recorded EGP 1.9 bn net purchase, excluding deals.

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