The EGX30 index continued its impressive rebound, closing near the highest recorded price of 20,531 points reached on September 26, 2023. Today, on October 15, the session concluded with the index closing at 20,324 points, only a stone's throw away from the historical peak. This remarkable performance signifies the market's resilience and investor optimism in the face of challenges.
Leading the charge in this market rally is MOPCO - MFPC, which has reached unprecedented heights. The stock achieved a new historical high price of EGP 444.90 per share, closing at EGP 440.12 per share. Since the beginning of October, it has experienced an astounding surge of 19.80%, with a notable increase of 16.67% during this session alone. As a result, MFPC has become the largest stock in terms of price on the EGX, cementing its position as a frontrunner in the market.

Orascom Construction Limited - ORAS has also experienced substantial gains, securing the second spot in terms of stock appreciation. It added an impressive 14.04% during the session, closing at EGP 187.60 per share and achieving a new historical high price of EGP 195.90 per share.

Abou Qir Fertilizers - ABUK recorded a new historical price of EGP 75.50 per share, closing at EGP 74.01 per share with a gain of 6.02%. EZZ Steel, known for its consistent growth, reached a new historical high price of EGP 61.70 per share, closing at EGP 59.70 per share with a gain of 4.26%. Additionally, Edita Food Industries - EFID marked a new historical high price of EGP 26 per share and closed at EGP 23.00 per share, showing a gain of 4.64%.
Overall, the EGX30 index and its constituent stocks have demonstrated an impressive upward trajectory, breaking records and reflecting the strength of the Egyptian stock market. Investors and market participants continue to benefit from this remarkable growth.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations
Comments