Egyptian stocks end week up ahead of Eid holiday

Egypt’s market ended higher Tuesday with gains worth 1.7 billion Egyptian pounds (US$217 million), with stocks positive ahead of the Eid al-Adha Muslim holiday which will see most markets in the region shut down from Wednesday until next Sunday.

The market capitalisation has reached 448.324 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 hiked 0.84 percent to 7346.54 points.

The newly-launched EGX50 EWI index inched up 0.50 percent to 1219.39 points.

EGX20 also went higher 0.48 percent to 6971.93 points.

In addition, the mid- and small-cap index EGX70 grew 0.12 percent to 392.43 points. The price index, EGX100 rose 0.08 percent to 846.62 points.

Turnovers humble

On Tuesday, the bourse’s trading volume has hit 111.619 million securities, with turnovers closed at 492.026 million pounds, exchanged through 14,539 thousand transactions.

Also during the closing session, 160 listed securities have been traded in; 43 declined, 71 advanced; while 42 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers Monday capturing 12.21 percent of the total market, with a net equity of 43.380 million pounds, excluding the deals.

On the contrary, local and Arab investors were net sellers seizing 83.27 and 4.52 percents respectively of the total markets, with a net equity of 33.275 million and 10.104 million pounds, respectively, excluding the deals.