The real estate sector topped the list of traded sectors on the Egyptian Stock Exchange in terms of trading value during last week’s sessions, recording a trading volume of 2.2 billion shares, valued at 6.8 billion Egyptian pounds. The telecommunications, media, and information technology sector came in second in terms of activity, with a trading volume of 600.5 million shares, valued at 5.4 billion pounds.
The non-banking financial services sector ranked third with a trading volume of 1.3 billion shares valued at 4.6 billion pounds, followed by the banking sector with a trading volume of 72.3 million shares valued at 3.5 billion pounds. Then came the basic resources sector with a trading volume of 102.1 million shares valued at 2.8 billion pounds.
In sixth place was the healthcare and pharmaceuticals sector with a trading volume of one billion executed shares valued at 1.718 billion pounds. Next was the food, beverages, and tobacco sector with a trading volume of 515 million executed shares valued at 1.699 billion pounds, followed by the construction and engineering contracting sector with a trading volume of 979 million executed shares valued at 1.634 billion pounds. In ninth place was the industrial services and products and automobiles sector with a trading volume of 267.9 million executed shares valued at 1.555 billion pounds. In tenth place was the building materials sector with a trading volume of 79 million executed shares valued at 831.2 million pounds.
The educational services sector and the paper and packaging materials sector came in the last two places respectively. The trading volume for the first was 90.2 million executed shares valued at 120.1 million pounds, and for the second, a trading volume of 337.1 million shares valued at 105.4 million pounds.
The stock exchange is a leading market in the region, with a registered number of investors including individuals, financial institutions, and investment funds. Listing on the exchange helps provide many advantages, including: the necessary financing to help industrial, commercial, and service entities achieve sustainable growth, and diversifying the funding sources available to them.
Listing on the stock exchange contributes to broadening the ownership base of companies, improving their performance, enhancing principles of transparency and governance systems, and diversifying their resources. The listing also aims to develop, grow, and revitalize the flow of capital and trading on the Egyptian Stock Exchange, and to increase its market capitalization to make it more attractive to investors.
