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Building Materials Sector Leads Profit Increase
During the past week, the performance of the Egyptian stock market indices was mixed, with 10 sectors recording gains while 6 sectors declined. This week consisted of only four trading sessions due to the July 23 Revolution holiday. The Construction Materials sector led the gains, increasing by 6.3%, supported by positive performance in its stocks. It was followed by the Healthcare and Pharmaceuticals sector, which rose by 4.0%, and the Banking sector, which increased by 3.8%. On the other hand, the Basic Resources sector experienced the largest decline, falling by 1.1%, reflecting a downturn in its performance. This overall trend indicates that investors continue to favor infrastructure, healthcare, and banking sectors, while taking profits in other sectors.
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