Egypt Shares End Week Higher, Gain EGP2 billion

Egypt’s bourse ended this week’s sessions with gains totaled 1.9 billion Egyptian pounds backed by foreign buying appetite. Accordingly, the country’s main bourse index closed the week above 7590 points.

The Egyptian Exchange (EGX) indices were wavering in green notes on Thursday afternoon, except for EGX20 which solely tumbled.

Indices

Egypt’s benchmark index EGX30 ended 0.26 per cent higher to 7590.71 pts; while EGX20 finished 0.18 per cent down to 8974.85 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.43% to close at 642.91 pts. The price index EGX100 inched up by 1.61 per cent to conclude at 1096.56 pts.  
Furthermore, the market capitalization recorded EGP 470.653 billion on Thursday.

Turnovers 
Through the closing session of Thursday, the trading volume has reached 186.481 million securities, with turnovers worth EGP 788.992 million, exchanged through 38.640 thousand transactions.           
Also during the closing session, 187 listed securities have been traded in; 79 declined, 97 advanced; while 11 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers seizing 4.17% and 2.76% respectively of the total markets, with a net equity of EGP 22.031 million and 11.974 million respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers capturing 93.07% of the total market, with a net equity of EGP 34.006 million, excluding the deals.

Companies’ Activities

At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price fall by 1.06 percent to EGP 11.25.

Market bellwether Commercial International Bank S.A.E. (COMI.CA) surged 2.36 percent to EGP 34.75.

In the real estate sector, Palm Hills Development Company (PHDC.CA) inched down by 1.26 percent to trade at EGP 3.14, Talaat Moustafa Group Holding (TMGH.CA) dropped by 0.95 percent to trade at EGP 7.26, and Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) tumbled 1.83 percent to close at EGP 23.65.