The winning sectors lead the Egyptian Stock Exchange to ascend … real estate and basic materials in the forefront

Today, Thursday, the Egyptian Stock Exchange witnessed an increase in a number of shares affiliated with different sectors, where some sectors were able to achieve clear gains in their market value, and this positive performance reflects the interest of investors in these sectors, which may indicate promising future trends.

Below we review the high stocks according to each sector:

Real estate

The real estate sector achieved the highest trading value between the high sectors, with the value of trading about 695,972,656 pounds, at 28.86% of the total market, and this rise shows a strong demand for real estate investments, whether it is residential, commercial or industrial.

This sector is considered one of the most important investment sectors in Egypt, where investors resort to as a safe haven to protect their capital from market fluctuations, and the positive performance of this sector is expected to continue, especially with the implementation of new projects and improve the demand for various real estate units.

Services, industrial products and cars

The sector of industrial services, products and cars from the sectors that witnessed a remarkable increase today, as the market value of shares traded in this sector reached about 63,900,000 pounds, and this sector recorded a percentage of the total market of 2.65%, which reflects a noticeable increase in demand for its products and services.

This good performance is attributed to the improvement of manufacturing and sales, especially in light of the tendency of many companies to enhance their production to keep pace with the needs of the local market and export.

Health care and medicine sector

The health care and medicine sector witnessed a remarkable increase in its trading today, as the market value reached about 60,105,560 pounds, by 2.49% of the total market. This positive performance reflects the increasing demand for pharmaceutical companies and health services, especially with the growth of demand for medical and treatment products, the expansion of the scope of health services provided, the increasing interest in creating new drugs and the development of hospitals and medical centers enhances the performance of this sector.

Tourism and Entertainment Sector

The tourism and entertainment sector achieved positive performance today with a clear increase in its market value, as the value of trading reached about 38,504,778 pounds, at 1.60% of the total market, and this good performance is due to the recovery of the tourism sector and the improvement of occupancy rates in hotels and resorts, especially with the return of international tourism strongly and the government’s support for new tourism projects.

Information, media and information technology sector

The telecommunications, media and information technology sector witnessed a remarkable increase in its trading today, as the market value reached about 103,959,787 pounds, by 4.31% of the total market. This performance reflects the increasing demand for telecommunications and information technology services, as well as the development of digital media and the increase in technology dependence in various sectors.

Equipment sector

The utility sector also achieved a good increase during today’s session, as the value of trading reached about 6,736,188 pounds, by 0.28% of the total market.

This performance is attributed to the increasing investments in infrastructure projects and the expansion of the services provided to citizens, and the sector is considered one of the safe sectors for investors due to the stable and continuous nature of its work, which enhances its attractiveness in periods of economic turmoil.

Non -banking financial services sector

The non -banking financial services sector is one of the sectors that recorded a remarkable increase today, as the value of trading reached about 255,728,648 pounds, by 10.60% of the total market.

This growth is attributed to an increase in the demand for alternative financial services such as insurance companies, investment companies, and digital financial projects that provide innovative solutions to investors.