Positive performance of the Egyptian Stock Exchange during the year 2024… and market gains exceeding 450 billion pounds

The Egyptian Stock Exchange achieved an increase during the year 2024, as its combined indices rose in addition to achieving market gains worth more than 450 billion pounds.

The main EGX 30 index rose by 19.47% to close at 29,740 points, and the equal-weighted EGX 70 index rose by 48.77% to reach 8,143 points.

Likewise, the equal-weighted EGX 100 index rose by 42.4% to close at 11,217 points.

The market capitalization of shares listed on the Egyptian Stock Exchange increased by about 450.1 billion pounds during the year 2024, reaching 2.169 trillion pounds, compared to the value of 1.719 trillion pounds at the end of 2023.

Many factors contributed to supporting the stock market indicators, which represent a mirror of the economy within the country, including the improvement of the overall economy, which witnessed significant growth during the year and this was reflected positively on the performance of the indicators.

The flexible exchange rate policy for the Egyptian pound also contributed to enhancing confidence in the market and attracting more foreign investments, including increasing foreign ownership rates in many stocks.

The measures taken to improve the trading environment by the Egyptian Stock Exchange, as well as increasing the volume of securities supply, also contributed to enhancing market activity.