EGX 30 Surges 1.86%, Ends Near 5420 Pts On Foreign Buyers

The Egyptian Exchange (EGX) has doubled its opening gains to eventually reach EGP 4.7 billion during Wednesday’s closing session. The capital market has amounted to EGP 371.915 billion.

The indices closed in green.

The main index, EGX30 climbed by 1.86% to end at 5419.81 p. EGX20 soared by 2.19% to close at 6256.05 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed up by 1.75% to conclude at 479.91 pts.  Price index EGX100 surged by 1.56% to finish at 802.48 p.

Traded volume reached 188.398 million securities worth EGP 562.529 million, exchanged 28.226 thousand transactions.

This was after trading in 167 listed securities; 15 declined, 127 advanced; while 25 keeping their previous levels.

The EGX’s closing gains were driven by the buying transactions of Arabs and the non-Arab foreigners as they were net buyers seizing 10.6% and 15.7% respectively, of the total markets, with a net equity of EGP 28.555 million and EGP 9.752 million excluding the deals.

Meanwhile, Egyptians were net sellers seizing 73.7% of the total markets, with a net equity of EGP 38.307 million excluding the deals.