Egypt Stocks End Week with EGP3.7bn Gains, EGX30 Crosses 9385

Egypt’s stocks ended this week higher with gains totalling 3.7 billion Egyptian pounds bolstered by non-Arab foreign buying strong appetite. The country’s main stock index jumped hovering around 9390 points level.

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

Indices

Egypt’s benchmark index EGX30 ended 1.06 per cent higher to 9386.57 pts; while EGX20 finished 0.86 per cent up to 11242.71 pts.     
In addition, the mid- and small-cap index, the EGX70 climbed by 1.25 per cent to finish at 642.93 pts. The price index EGX100 pushed up by 1.10 per cent to conclude at 1149.54 pts.  
Furthermore, the market capitalization recorded EGP 516.915 billion on Thursday.

Turnovers Cross EGP One billion
Through the closing session of Thursday, the trading volume has reached 186.490 million securities, with turnovers worth EGP 1.006 billion, exchanged through 32.868 transactions.               
Also during the closing session, 180 listed securities have been traded in; 48 declined, 104 advanced; while 20 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Thursday acquiring 13.54% of the total market, with a net equity of EGP 67.505 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 81.18% and 5.28% respectively of the total markets, with a net equity of EGP 36.835 million and EGP 30.669 million respectively, excluding the deals.