Backed by Foreign Net Buyers, Egypt Shares Gain EGP4 bln at Close

Egyptian shares ended higher on Wednesday posting gains totaled around EGP 4 billion bolstered by foreign net buyers. Therefore, the benchmark index closed near 6175 points.

The Egyptian Exchange indices were wavering on green notes on Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 1.29 per cent higher to 6173.59 pts, and the EGX20 also finished 1.49 per cent up to 7262.73 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 inched up by 1.14 per cent to conclude at 516.32 pts. The price index EGX100 advanced by 1 per cent to close at 865.96 pts. 
The capital market has closed at EGP 400.808 billion on Wednesday.

Turnovers
Through the closing session of Wednesday, the trading volume has 109.417 million securities. For the traded value, it hit EGP 479.208 million, exchanged through 24.646 thousand transactions.    

Also during the closing session, 185 listed securities have been traded in; 60 declined, 99 advanced; while 26 keeping their previous levels.

Investors’ Activity
The non-Arab foreigners and Arabs were net buyers acquiring 16.8% and 12.27% respectively, of the total market, with net equities of EGP 35.531 million and EGP 31.962 million, excluding the deals.

On the other hand, Egyptians were net sellers seizing 70.92% of the total market, with a net equity of EGP 67.494 million, excluding the deals.