Shares in Egypt Gain EGP27 mln at Open Backed by Foreign Buyers

Egypt’s stocks opened slightly higher on Wednesday posting gains of EGP 27 million backed by the non-Arab foreign net buyers. The benchmark index has crossed 5770 points on Wednesday morning.

 The Benchmark EGX30 inched up by 0.35 % to 5774p; while EGX20 advanced by 0.44 % to 6779p.

 On the other hand, the mid- and small-cap index, the EGX70 went up by 0.24% to 495p.  Price index EGX100 rose by 0.24 % to 830 p.

Trading Volumes & Values

 The trading volume has recorded 3 million securities worth EGP 146 million, exchanged through 890 transactions during Wednesday opening.

 Also during the opening session, 76 listed securities have been traded in; 17 fell, 20 advanced; while 37 keeping their previous levels.

 Investors’ Activities

 The non-Arab foreigners were net buyers seizing 60.94%, of the total markets, with a net equity of EGP 89 million excluding the deals.

 Meanwhile, Egyptian and Arab investors were net sellers as they seized 7.68%and 31.38% respectively of the total markets, with a net equity of EGP 21 million  and EGP 68 million respectively, excluding the deals.