Egypt Main Index Nears 7200 at Close amid Voting on New Charter

As Egypt resumes voting on post-Morsi constitution, Egypt shares ended higher on Wednesday attaining gains totaled EGP 1.3 billion. Accordingly, the benchmark index closed near 7200 points triggered by local and Arab buying appetite.

The Egyptian Exchange (EGX) indices were wavering in green notes on Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 0.03 per cent higher to 7198.53 pts; while EGX20 finished 0.05 per cent down to 8454.08 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.19% to close at 570.16 pts. The price index EGX100 increased by 0.36 per cent to conclude at 969.06 pts.  
The capital market has closed at EGP 444.622 billion on Wednesday afternoon.

Turnovers
Through the closing session of Wednesday, the trading volume has reached 302.062 million securities. For the traded value, it hit EGP 795.911 million, exchanged through 35.577 thousand transactions.           
Also during the closing session, 182 listed securities have been traded in; 94 declined, 73 advanced; while 15 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers seizing 81.78% and 9.58% respectively of the total markets, with a net equity of EGP 2.427 million and 16.850 million respectively, excluding the deals.

On the contrary, the non-Arab foreigners were net sellers acquiring 8.64% of the total market, with a net equity of EGP 19.277 million, excluding the deals.