EGX 30 Ends Week Above 5625 Pts On Foreign Buyers

The Egyptian Exchange (EGX) has ended this week posting gains of EGP 841 million backed by non-Arab foreign buyers. The capital market has reached to EGP 380.949 billion during Thursday’s closing.

The EGX indices ended in green.

Egypt’s benchmark index EGX 30 ended this week on a green note as it edged up by 0.31% to close at 5626.92 p; while EGX20 rose by 0.22% to end at 6527.69 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.15% to conclude at 476.48 pts.  Price index EGX100 surged by 0.21% to finish at 807.37 p.

During Thursday’s closing, the trading volume hit 68.492 million securities, lower than Wednesday’s 76.897 million securities, representing a decrease of 8.405 securities. For the traded value, it reached EGP 295.204 million, exchanged 18.090 thousand transactions.

This was after trading in 173 listed securities; 59 declined, 67 advanced; while 47 keeping their previous levels.

The non-Arab foreigners have backed EGX’s closing gains as they were net buyers seizing 7.14% of the total markets, with a net equity of EGP 15.190 million excluding the deals.

Meanwhile, Egyptians and Arabs were net sellers seizing 91.73% and 1.13% respectively, of the total markets, with a net equity of EGP 8.387 million and EGP 6.802 million excluding the deals.