Presidential Election Day One, Egyptian Exchange Early Gains Hit EGP 460 Mln

As the first presidential elections since the revolution starts, the EGX posted on early Wednesday gains of EGP 460 million as the capital market has amounted to EGP 347.807 billion at 9:30 GMT (11:30 in Cairo).

The main index, EGX30 solely went up 0.20% to hit 4873.69 p. EGX20 inched lower 0.71% to reach 5572.39 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.07% to hit 420.48 p. Price index EGX100 dived 1.20% to reach 759.56 p.

Traded volume reached 12.934 million securities worth EGP 47.831 million, exchanged through 2.488 thousand transactions.

This was after trading in 79 listed securities; 18 declined and 45 advanced while 16 keeping their previous levels.

Egyptians and non-Arab Foreigners were net sellers seizing 52.89% and 30.55% respectively, of the total markets, with a net equity of EGP 2.268 million and EGP 8.029 million, excluding the deals.

On the other hand, Arabs were net buyers seizing 16.56% of the total markets, with a net equity of EGP 10.298 million excluding the deals.

EGX’s leading shares witnessed unsteady performance. Orascom Telecom Holding (OTH) (ORTE.CA) had led EGX’s upwards by soaring up 3.54% to hit EGP 3.22. Orascom Telecom Media & Technology Holding (OTMT.CA) also climbed 2.22% to reach EGP 1.38. Orascom Construction Industries (OCIC.CA) went up 0.06% to hit EGP 271.07.

On the other hand, EFG-Hermes Holding (HRHO.CA) inched lower 0.98% to reach EGP 11.08.  Commercial International Bank- Egypt (COMI.CA) sank 0.23% to hit EGP 25.60.