EGX 30 Surges 0.31%, Ends Above 5580 Pts

During Wednesday closing session, the Egyptian Exchange (EGX) has turned its early losses into gains of EGP 554 million as the capital market has amounted to EGP 385.850 million.

The EGX indices closed mixed.

The main index, EGX30 rose by 0.31% to close at 5584.86 p.  EGX20 inched higher by 0.16% to end at 6434.81 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.07% to conclude 515.37 pts.  Price index EGX100 edged down by 0.09% to finish at 851.97 p.

Traded volume reached 98.694 million securities worth EGP 410.799 million, exchanged 23.527 thousand transactions.

This was after trading in 167 listed securities; 67 declined 66 advanced while 34 keeping their previous levels.

EGX’s closing gains were backed by non-Arab Foreigners and Arabs’ buying deals.

The non-Arab Foreigners and Arabs were net buyers 13.24% and 5.16% respectively, of the total markets, with a net equity of EGP 22.071 million and EGP 5.145 million excluding the deals.

On the other hand, Egyptians were net sellers seizing 81.6% of the total markets, with a net equity of EGP 27.216 million excluding the deals.