CAIRO - 31 December 2023: The Egyptian Exchange (EGX) witnessed record-breaking gains during 2023 as the market capitalization exceeded LE 1.7 trillion. At the end of the year, the market capitalization rose to LE 1.7196 trillion, compared to LE 961.2 billion at the end of 2022, gaining LE 758.47 billion, with a 79 percent increase. Meanwhile, the small and mid-cap index EGX 70 rose during the year to 5,473.42 points, compared to 2,801.93 points, an increase of 95.34 percent. The broader index EGX 100 also rose to 7,880.35 points, compared to 4,145.5 points at the end of the previous year, an increase of 90.1 percent. Forecasts by international institutions indicate the exchange rate reaching LE 45 in the first quarter of the current year.

Source: Egypt Today December 31, 2023 23:33 UTC