The real estate sector led the top gainers in the Egyptian Exchange (EGX) during Q3 2022, with a trading value of EGP 15.2 bn, a trading volume of 9.1 mn shares, and a market share of 21.8%, Invest-Gate reports.

The banking sector ranked second with a trading value of EGP 10.3 bn and a volume of 368.8 mn shares, followed by the non-banking financial sector whose trading value totaled EGP 8.2 bn with a volume of 5.4 mn shares, as shown in the statement issued on October 1^st.

The telecommunication sector ranked fourth among the top gainers in the market in Q3, with a trading value of EGP 6.4 bn and a trading volume of 4.2 mn shares, followed by the basic resources sector, which generated EGP 5.01 bn value through trading 599.7 mn shares.

During Q3 2022, the EGX gained EGP 66.2 bn with the market capitalization ending the period at EGP 688.1 bn, up 10.6% billion from EGP 621.9 bn at the end of last June.

The EGX30 index closed at 9,827 points, rising 6.52%, while the small- and mid-cap EGX70 equal-weight index (EWI) surged 30.75% to stand at 2,250 points. The S&P index rose around 14.79% to end at 1,750 points.

In Q3 2022, the total trading value amounted to around EGP 232.7 bn, while the trading volume reached around 40.317 mn executed through 2,931 transactions.

During the previous quarter, the total trading value amounted to around EGP 190.3 bn and the trading volume reached around 21.782 million executed through 1,772 transactions.

Shares made up 41.32% of the total trading value, while bonds accounted for around 58.68%.

Excluding deals, Egyptians controlled 82.3% of total transactions of listed shares, while non-Arab foreigners and Arabs controlled 11.9% and 5.9%, respectively.

Foreigners carried out net sales of EGP 8.457 mn, while Arabs executed net purchases of EGP 2.5 mn, excluding deals.