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Thndr Claps » Uncategorized » Your Guide to the Market Summary (EGX)

Your Guide to the Market Summary (EGX)

by Omar El Shorafa
September 8, 2022

All you need to know about the EGX market summary from Thndr.
We hear about market indices all the time. Here’s everything you need to know to understand the EGX indices.

What is a market index?
Market indices help measure stock prices on a daily basis. There are several different indices, such as indices where all stocks possess an equal weight.

There are other indices where the weights of shares are determined according to the company’s market value. The weight of the stock is determined by comparing it with the rest of the stocks listed on the index.

EGX30
The EGX30 is the Egyptian Stock Exchange’s main index (also called the Latin Index).  The EGX30 includes the top 30 companies in terms of liquidity and activity listed on the Egyptian Stock Exchange, and the EGX authority can adjust the index by adding and removing companies.

EGX30 constituents:

CompanyTicker
Abou Kir FertilizersABUK
Alexandria Containers and goodsALCN
Alexandria Mineral Oils CompanyAMOC
Cairo For Investment And Real Estate DevelopmentCIRA
Citadel Capital – Common SharesCCAP
Cleopatra Hospital CompanyCLHO
Commercial International Bank (Egypt)COMI
Credit Agricole EgyptCIEB
Eastern CompanyEAST
E-finance For Digital and Financial InvestmentsEFIH
Egyptian Financial Group-Hermes Holding CompanyHRHO
Egyptian Kuwaiti HoldingEKHO
Egyptian Kuwaiti Holding-EGPEKHOA
ELSWEDY ELECTRICSWDY
Ezz SteelESRS
Fawry For Banking Technology And Electronic PaymentFWRY
GB AUTOAUTO
Heliopolis HousingHELI
Housing & Development BankHDBK
Ibnsina PharmaISPH
Juhayna Food IndustriesJUFO
Medinet Nasr HousingMNHD
Misr Fretilizers Production Company – MopcoMFPC
Orascom Construction PLCORAS
Oriental WeaversORWE
Palm Hills Development CompanyPHDC
Qatar National Bank AlahlyQNBA
Sidi Kerir Petrochemicals – SIDPECSKPC
T M G HoldingTMGH
Telecom EgyptETEL
Tenth Of Ramadan Pharmaceutical Industries&Diagnostic-RamedaRMDA

EGX70
EGX70 was launched after the EGX30 and its aim was to diversify the EGX indices and to provide a broader view to the investor to track market performance.

EGX70 Constituents:

CompanyTicker
Abu Dhabi Islamic Bank- EgyptADIB
AJWA for Food Industries company EgyptAJWA
Al Khair River For Development Agricultural Investment&EnvirKRDI
Al Tawfeek Leasing Company-A.T.LEASEATLC
Arab Cotton GinningACGC
Arab Developers HoldingARAB
Arab Moltaka Investments CoAMIA
Arabia Investments HoldingAIH
Arabian Cement CompanyARCC
Asek Company for Mining – AscomASCM
B Investments HoldingBINV
Belton Financial HoldingBTFH
Cairo PoultryPOUL
Canal Shipping AgenciesCSAG
Ceramic & PorcelainPRCL
CI Capital Holding For Financial InvestmentsCICH
Delta SugarSUGR
Dice Sport & Casual WearDSCW
Edita Food Industries S.A.EEFID
Egypt AluminumEGAL
Egyptian Chemical Industries (Kima)EGCH
Egyptian Financial & IndustrialEFIC
Egyptian International Pharmaceuticals (EIPICO)PHAR
Egyptian Media Production CityMPRC
Egyptian Transport (EGYTRANS)ETRS
Egyptians Housing Development & ReconstructionEHDR
El Ahli Investment and DevelopmentAFDI
El Ezz Porcelain (Gemma)ECAP
El Kahera HousingELKA
El Shams Housing & UrbanizationELSH
Emaar Misr for DevelopmentEMFD
Emerald Real Estate InvestmentEMRI
Engineering Industries (ICON)ENGC
Export Development Bank of Egypt (EDBE)EXPA
Faisal Islamic Bank of Egypt – In EGPFAIT
Faisal Islamic Bank of Egypt – In US DollarsFAITA
Gadwa For Industrial DevelopmentGDWA
Ismailia Development and Real Estate CoIDRE
Ismailia Misr PoultryISMA
Lecico EgyptLCSW
Macro Group Pharmaceuticals -Macro CapitalMCRO
Maridive & oil servicesMOIL
Marseille Almasreia Alkhalegeya For Holding InvestmentMAAL
Mena Touristic & Real Estate InvestmentMENA
Misr Beni Suef CementMBSC
Misr Cement (Qena)MCQE
Misr HotelsMHOT
Misr National Steel – AtaqaATQA
MM Group For Industry And International TradeMTIE
Naeem HoldingNAHO
Nasr Company for Civil WorksNCCW
Natural Gas & Mining Project (Egypt Gas)EGAS
Obour Land For Food IndustriesOLFI
Orascom Development EgyptORHD
Orascom Financial HoldingOFH
Orascom Investment HoldingOIH
Pioneers Properties For Urban Development(PREDCO)PRDC
Prime HoldingPRMH
Raya Contact CenterRACC
Raya Holding For Financial InvestmentsRAYA
Rowad Tourism (Al Rowad)ROTO
Sharm Dreams Co. for Tourism InvestmentSDTI
Six of October Development & Investment (SODIC)OCDI
Speed MedicalSPMD
Taaleem Management ServicesTALM
The Arab Ceramic CO.- Ceramica RemasCERA
The Egyptian Company for Construction Development-Lift SlabEDBM
The Egyptian Modern Education SystemsMOED
United Arab ShippingUASG
United Housing & DevelopmentUNIT
Zahraa Maadi Investment & DevelopmentZMID

Next to the name of each company is something called the stock symbol. The stock symbol is in short a symbol that is used to identify stocks, in a specific market, making it easier to follow and identify the stock.

The performance of the index is measured in different time periods, such as month to date. This measures the performance of the index from the first day of the month until the current date. For example, if we say that the index has achieved 8% month to date, and the current date is September 21, this means that from September 1 until September 21, the index has increased by 8%.

Among the data provided by the index is the type of investors that have traded. The investor can be an institution or an individual and can be Egyptian, Arab, or foreign.

Market activity varies from day to day. On some days, most of the operations carried out by investors are to sell, and on other days, most operations carried out by investors are to buy.

You will also find an explanation of the daily trading value, which is the total value of buying and selling that took place in the market. If the total sales transactions were EGP 1 million, and the total purchases were EGP 1 million, then the trading value is EGP 2 million.

You will also find in the daily market summary the exchange rate of the dollar against the pound, but what is the exchange rate?

In short, the exchange rate is the relative price of the currency of a particular country against the currency of another country. For example, EGP/USD = EGP 19, meaning that 1 USD is equal to EGP 19.

If the exchange rate of the USD increases, this means that the USD is now worth more in EGP, and if the exchange rate decreases, this means that the USD is still worth less in EGP.

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