AFRICAN MARKETS

Egyptian Exchange closes in green zone

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Trading volume reached 541.728 million shares executed through 48,177 transactions, with a total value of EGP 1.669 billion. Market capitalization amounted to EGP 640.899 billion.

 

Egyptian investors made up 70.9% of total transactions, while foreign and Arab investors accounted for 19.1% and 9.91%, respectively.

 

Individuals represented 56.34% of total trades, while institutions contributed to 43.65%.

 

The top five performers by trading volume were Arabia Investments HoldingEmaar Misr for DevelopmentPorto DevelopmentsEgyptians for Housing and Development Company, and Emerald Real Estate Investment.

 

However, the worst top performers by price were Egyptian Gulf Bank, Arabia Investments Holding, Orascom Development EgyptLecico Egypt, and Barbary Investment Group.

 

Source

Remarks of Dr. Akinwumi A. Adesina, President of the African Development Bank, at the 2020 Chartered Institute of Bankers of Nigeria (CIBN) Fellowship Investiture, Saturday, December 5, 2020

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