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EGX seen an increase of EGP 5bn in market cap during May

The Egyptian Exchange (EGX) ended May on a varied note with the market cap rising by EGP 5 billion.

The main EGX30 index retreated by 1.59% to close at 10,309 points as the heavyweight Commercial International Bank-Egypt (CIB) fell by 7.64% to end the month at EGP 53.81.

Meanwhile, the small- and mid-cap EGX70 EWI climbed by 10.65% to 2,278 points, while the EGX100 EWI advanced by 8.13% to 3,215 points.

Likewise, the EGX50 EWI rose by 7.32% to close at 2,192 points.

During May, the market cap value grew by EGP 5.1 billion to register EGP 655.8 billion, compared to EGP 650.7 billion at the end of April.

The market’s turnover reached EGP 60.1 billion after 10.34 billion shares were exchanged through about 843,000 transactions.

Local investors acquired 74.5% of total transactions, while foreign and Arab investors made up 17.1% and 8.4%, respectively.