Market Commentary

02/02/2023

The local market headed south today with EGX30 declining 0.93% to close at 16,255.73pts, and ‎EGX70 dropping 1.67 % to close at 2,840.16pts. Over the week, EGX30 decreased 3.19% and EGX70 declined 6.33%.

Today’s turnover recorded EGP 1,872mn distributed over 445mn shares. Local and Arabs investors stepped in as net buyers with EGP 190.66mn and EGP 152.12mn respectively, while Foreign investors stepped out as...

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