Egyptian Stocks ended this Week with EGP1.6 billion Gains

Egypt’s stock market shares ended this week registering gains worth 1.6 billion Egyptian pounds (US$216.3 million) backed by foreign investors’ buying appetite. The country’s main index, EGX30 maintained bullish performance to approach 9900 points.

The rest of the Egyptian Exchange’s indices were wavering in mixed notes during the closing session of Thursday.

Indices:

The main stock index, EGX30 went up by 0.43 per cent to 9898.86 points. EGX20 grew by 0.44 per cent to 11051.39 points.

Meanwhile, the mid- and small-cap index EGX70 slumped by 0.23% to 569.97 points. The price index, EGX100 also dropped by 0.52% to 1140.58 points.

Turnovers below EGP1 billion
Through the closing session of Thursday, the trading volume has reached 211.894 million securities, with turnovers worth EGP 942.497 million, exchanged through 29.289 thousand transactions.                      
Also during the closing session, 190 listed securities have been traded in; 87 declined, 69 advanced; while 31 kept their previous levels.
Furthermore, the market capitalization recorded EGP 521.460 billion on Thursday.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers capturing on Thursday 11.54% and 8.86% respectively of the total markets, with a net equity of EGP 10.792 million and EGP 46.756 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 79.59% of the total market, with a net equity of EGP 57.549 million, excluding the deals.