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shd@sigma-capital.com

19-09-2024

GCC Chambers Federation Explores Future Approaches

Source: MIST

(ONA)—


The Board of Directors of the Federation of GCC Chambers today held the meeting of its 64th session under the chairmanship of Oman Chamber of Commerce and Industry (OCCI).

The meeting was held in Sharjah, the United Arab Emirates (UAE). The meeting discussed a spectrum of topics, namely the future approaches of the federation and means of enhancing cooperation between the public and private sectors.
Faisal Abdullah Al Rowas, Chairman of OCCI chaired the meeting.

Al Rowas affirmed that the Federation of GCC Chambers is undertaking an important role in the march of the gulf economic cooperation.
He reiterated the keenness of GCC leaders in supporting and empowering the private sector. Further, the Federation of GCC Chambers resolved 27 challenges that were presented during the consultative meetings and adopted 5 initiatives on the GCC level, Al Rowas added.

Market HighLights

EGX30

Indices

NameLastChCh%
EGX30 30,937.69 595.23 %1.96
EGX100 10,169.55 82.32 %0.82
EGX70E 7,100.28 30.20 %0.43
EGX30C 37,910.61 738.53 %1.99

Market Breadth ***

Advancing : Declining    1.35 : 1

shares

Advancing12354%
Declining9140%
Unchanged135%
Total227
T/O (EGP Mn)55544390112537
Volume (Mn)8956072807
*** Equities only, OPR not Include, OTC included

Sector Ranking by Activity

Sector NameT/O (EGP Mn) Mkt %
Real Estate and Hotels1,441.7825.96
Financial Services and Electronic Payments1,154.3420.78
Industrial, Construction and Materials706.9212.73
Education511.669.21
Banks490.478.83
Food and Beverage353.436.36
Chemicals321.625.79
Healthcare and Pharmaceuticals193.483.48
Technology, Media and Telecom121.082.18
Transportation, Shipping and Logistics88.821.60
Other73.771.33
Energy65.111.17
Consumer Discretionary31.590.57