EGX30 gains 2.66% in August as broader market rally gathers pace
· Egyptian market news · EGX30
The EGX30 eked out a modest 2.66% gain in August, closing the month at 54.9k points bourse’s latest monthly report (pdf) July’s brief turn to net buying
Trading value eased to EGP 2.49 tn this month from EGP 2.55 tn.
The investor mix flipped in August
Local institutions picked up a net EGP 3.06 bn in listed stocks (excluding block trades)
Line it up by investor type, and it’s July running in reverse.
Foreign money rotated out of bank names and into real estate stocks.
Market gains stretched across every sector:
The brokerages league table
In August: monthly brokerage ranking (pdf) YTD: brokerages league table (pdf)