Egypt Stocks Close with EGP5.5bn Gains, EGX30 Crosses 9230

Egypt’s stocks ended higher on Wednesday with gains totalling 5.5 billion Egyptian pounds backed by non-Arab foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 inched up to near 9235 points.

Indices

Egypt’s benchmark index EGX30 ended 1.34 per cent higher to 9234.74 pts; while EGX20 closed 1.73 per cent up to 10771.61 pts.

In addition, the mid- and small-cap index, the EGX70 grew by 1.34 per cent to finish at 639.29 pts. The price index EGX100 hiked by 1.09 per cent to conclude at 1146.51 pts.  
Furthermore, the market capitalization recorded EGP 521.576 billion on Wednesday.

Turnovers below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 120.764 million securities, with turnovers worth EGP 620.752 million, exchanged through 22.637 transactions.                 
Also during the closing session, 181 listed securities have been traded in; 37 declined, 121 advanced; while 19 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers acquiring on Wednesday 16.18% of the total market, with a net equity of EGP 39.034 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 75.75% and 8.07% respectively of the total markets, with a net equity of EGP 25.961 million and EGP 13.073 million, respectively, excluding the deals.