EGX 30 Ends 1.34% Higher, Nears 5485 Pts

During Wednesday closing session, the Egyptian Exchange (EGX) has managed to post gains of EGP 2.85 billion as the capital market has amounted to EGP 374.943 million.

The EGX indices closed in green after a three-day weak session.

The main index, EGX30 pushed up by 1.34% to close at 5482.13 p. EGX20 climbed 1.26% to end at 6261.11 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.26% to conclude at 481.61 pts.  Price index EGX100 rose by 0.41% to finish at 810.58 p.

Due to the mounting death toll in Gaza as well as the current tensions in Mohamed Mahmoud street in Tahrir and the vague vision regarding the making of the country’s new constitution, Egyptian Exchange posted severe losses during the previous three-day sessions of EGP 15.4 billion.

There are calls for the dismissal of the country’s current government led by Dr. Hisham Kandil amid Assiut fatal train-bus accident.

Traded volume reached 95.821 million securities worth EGP 335.873 million, exchanged 19.968 thousand transactions.

This was after trading in 174 listed securities; 56 declined, 91 advanced; while 27 keeping their previous levels.

EGX’s gains were backed by Arabs and the non-Arab Foreigners’ buying transactions.

The non-Arab Foreigners and Arabs were net buyers seizing 15.03% and 3.66% respectively, of the total markets, with a net equity of EGP 11.697 million and EGP 3.869 million excluding the deals.

On the other hand, Egyptians were net sellers seizing 81.32% of the total markets, with a net equity of EGP 15.567 million excluding the deals.

EGX’s main shares witnessed unsteady performance.

EFG-Hermes Holding (HRHO.CA) remained with no change at EGP 10.79.

Orascom Construction Industries – OCI (OCIC.CA)’s stock rose by 0.56% to end at EGP 253.93.

Orascom Telecom Media & Technology Holding (OTMT.CA)’s stock remained with no change at EGP 0.57.

Telecom Egypt (TE) (ETEL.CA)’s stock climbed by 2.38% to conclude at EGP 13.36.