Egypt Stocks end Wednesday in Green, Gain EGP2.2bn

Egypt’s stocks ended higher on Wednesday with gains worth 2.2 billion Egyptian pounds. The main stock index, EGX30 pared early gains to end in green, yet below 8500 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Wednesday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 0.79 per cent higher to 8495.41 pts; while EGX20 finished 0.67 per cent up to 10292.85 pts.     
In addition, the mid- and small-cap index, the EGX70 rose by 0.14 per cent to end at 610.08 pts. The price index EGX100 increased by 0.29 per cent to conclude at 1072.25 pts.  
Furthermore, the market capitalization recorded EGP 489.033 billion on Tuesday.

Turnovers above EGP 1 billion
Through the closing session of Wednesday, the trading volume has reached 176.244 million securities, with turnovers worth EGP 1.061 billion, exchanged through 22.684 transactions.               
Also during the closing session, 174 listed securities have been traded in; 55 declined, 85 advanced; while 31 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors remained net buyers on Wednesday capturing 12.04% of the total market, with a net equity of EGP 127.525 million, excluding the deals.

On the contrary, Egyptian and Arab investors were net sellers seizing 83.92% and 4.05% respectively of the total markets, with a net equity of EGP 116.405 million and EGP 11.119 million respectively, excluding the deals.