EGX Gains EGP 3.8 Bln Backed by Egyptians, Arabs Purchases

On Wednesday’s midday session, the EGX posted gains of EGP 3.8 billion as the capital market amounted to EGP 340.168 billion at 10:35 GMT.

The main index, EGX 30 went up 1.65% to reach 4634.02 p. EGX20 soars 3.41% to reach 5318.98 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose 1% to reach 427.77 p. Price index EGX100 climbed 1.80% to reach 751.82 p.

Traded volume reached million 75.607 securities, at a value of EGP 220.556 million, exchanged through 11.108 thousand transactions.

This was after trading in 144 listed securities; 17 down and 122 up while 15 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 71.04% and 8.07% respectively of the total markets, with a net equity of EGP 7.208 million and EGP 1.173 million, excluding the deals.

On the other hand, the non-Arab Foreigners were net sellers seizing 20.89%, with a net equity of EGP 8.381 million, excluding the deals.