Cairo bourse concludes rocky week with gains of US$1.3mn

Egyptian stock market ended tough week with gains estimated at 1.042 billion Egyptian pounds (US$ 1.3million) backed by foreign buying appetite.

The market capitalisation reached 392.758 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 grew 0.21 percent to 6089.34 points.

The EGX50 EWI index went up 0.51 percent to 1184.39 points. Yet, EGX20 declined 0.18 percent to 6060.58 points.

In addition, the mid- and small-cap index EGX70 sagged 0.27 percent to 352.23 points. The price index, EGX100 rose 0.07 percent to 724.13 points.

Turnovers high

On Thursday, the bourse’s trading volume has hit 110.257 million securities, with turnovers closed at 718.687 million pounds, exchanged through 17,713 thousand transactions.

Also during the closing session, 161 listed securities have been traded in; 70 declined, 51 advanced; while 37 kept their previous levels.

Investors’ Activities

Arab and foreign investors were net buyers Thursday seizing 3.89 and 6.07 percent respectively of the total markets, with a net equity of 35.722 million pounds and 13.378 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers getting 90.04 percent of the total market, with a net equity of 49.1 million pounds, excluding the deals.