Egypt Shares Open higher on Wednesday , Gain EGP160 mln, EGX30 Crosses 7400p.

Egyptian stocks started trading higher on Wednesday with gains amounting to EGP160 million as foreign buying appetite went on.

Accordingly, the country’s main capital crossed EGP449.351billion.

The Egyptian Exchange indices were wavering in green notes during opening trading session of Wednesday.

The Benchmark EGX30 hiked by 0.3% to 7390.24 p; EGX20 also surged by 0.36% to 8758.39 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.44% to 576 p.  Price index EGX100 increased by 0.39% to 977 p.

Trading Volumes & Values

The trading volume has recorded 18million securities worth EGP 33.6 million, exchanged through 1.4 thousand transactions during Wednesday opening.

Also during the opening session, 87 listed securities have been traded in; 38 fell, 20 advanced; while 29 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 5.05% and 4.31% respectively of the total markets, with a net equity of EGP365 thousand and EGP2.2 million respectively, excluding the deals.

On the contrary, Egyptians were net sellers 90.64% of the total market, with a net equity of EGP 2.6million, excluding the deals.