Egypt Bourse Index Climbs 1.3%, Hits 6173 at Midday

Shares in Egypt have posted gains of EGP 3.6 billion during the midday session of Wednesday backed by foreign net buyers. The benchmark index continued its rally to cross 6170 points on Wednesday.

The Egyptian Exchange’s indices were wavering in green notes during Wednesday noon.

The Benchmark EGX30 climbed by 1.29% to 6173.95 p; while EGX20 surged by 1.34% to 7251.94 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed up by 1.25% to 516.92 p.  Price index EGX100 increased by 1.16% to 867.32 p.

The capital market has reached EGP 400.445 billion on Wednesday, according to data compiled by Amwal Al Ghad English at 12:01 p.m. Cairo time (10:01 GMT).

Trading Volumes & Values

The trading volume has recorded 47.443 million securities worth EGP 178.340 million, exchanged through 8349 transactions during Wednesday midday.

Also during the midday session, 153 listed securities have been traded in; 15  fell, 110 advanced; while 28 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers as they acquired 19.28% and 15.01% respectively of the total markets, with a net equity of EGP 10.718 million and EGP 11.215 million respectively, excluding the deals.

Egyptians were net sellers seizing 65.71% of the total market, with a net equity of EGP 21.933 million, excluding the deals.