23 Hrs
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اليوم السابع
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Market Update August 16 2026
Today's trading session on Sunday, August 16, 2026, showed a collective rise in the Egyptian stock market indices. Market capitalization increased by 74 billion Egyptian pounds, closing at 4.310 trillion pounds, driven by local buying activity despite foreign sales and cautiousness in some stocks. Trading was halted for 17 shares for 10 minutes due to their price movements exceeding the 5% limit. The main, medium, and small market indices all rose significantly, with strong trading volume reaching 13.5 billion Egyptian pounds across 316,000 transactions. Many companies also announced positive financial results; for example, Faisal Islamic Bank of Egypt experienced a 22.9% increase in revenues and nearly 4.44 billion pounds in net profit. Major firms like Orascom and TGB reported revenue increases of up to 52.3%, while some companies saw profit improvements, though others faced losses due to rising costs and exchange rate fluctuations. Overall, the market demonstrated strength with buying trends from Egyptians, despite some selling by Arab and foreign institutions.
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