Egypt Stocks Open Mixed, EGX30 Dips

Egypt’s stocks opened in mixed notes on Wednesday recording gains worth 165 million Egyptian pounds. In addition, the country’s main stock index, EGX30 slightly went lower at early trade driven by Arab investors’ selling pressures.

Indices

The Benchmark EGX30 tumbled by 0.02% to 9272.49 p, and EGX20 rose by 0.20% to 11158.3 p.

In addition, the mid- and small-cap index, the EGX70 fell by 0.03% to 633.75 p.  Price index EGX100 went up by 0.04% to 1132.2 p.

Furthermore, market capitalization reached EGP 512.728 billion, according to data compiled by Amwal Al Ghad English at 11:08 a.m. Cairo time (09:08 GMT).

Trading Volumes & Values

The trading volume has reached 50.974 million securities worth EGP 155.944 million, exchanged through 5481 transactions during Wednesday opening.

Also during the opening session, 116 listed securities have been traded in; 38 fell, 40 advanced; while 38 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers at early trade capturing 90.81% and 3.38% respectively of the total markets, with a net equity of EGP 5.014 million and EGP 1.933 million, excluding the deals.

On the other hand, Arab investors were net sellers seizing 5.81% of the total market, with a net equity of EGP 6.947 million, excluding the deals.