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Real estate leads with 2.2bn pounds as 11 sectors boost stocks
The Egyptian Stock Exchange started the week with active performance, recording total trading value of approximately 9.586 billion Egyptian pounds. The real estate sector led the activity, accounting for 23.3% of total trades, valued at 2.234 billion pounds. It was followed by the non-banking financial services sector with a value of 1.694 billion pounds and the healthcare and pharmaceuticals sector with 893.3 million pounds. During the beginning of the week, the stock indices generally declined, with the EGX 30 index dropping by 0.95% to reach 53,417 points. The market experienced a partial correction after previous gains, with market capitalization at 3.936 trillion pounds. However, some losses were recovered by the end of the week, bringing the market capitalization to 3.951 trillion pounds.
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