Cairo bourse ends week 0.3% higher

Egypt’s stock market closed higher on Thursday on Arab investors’ buying appetite. Main index, EGX30 edged up 0.31 percent, to 7583.06 points.

Other indices; EGX50 EWI index rose 0.25 percent, to 1351.77 points; while EGX20 grew 0.77 percent, to 7943.15 points.

Mid- and small-cap index EGX70 plummeted 0.49 percent, to 359.77 points. Price index, EGX100 lost 0.21 percent, to 769.64 points.

Market Caps

Market capitalisation gained 1.7 billion Egyptian pounds ($191.5 million), to record 404.388 billion pounds during the closing session of Thursday.

Turnovers

The bourse’s trading volume reached 156.608 million securities, with turnovers, closing at 791.025 million pounds, exchanged through 19.470 transactions.

Also during the closing session, 175 listed securities have been traded in, 45 declined, 74 advanced; while 51 kept their previous levels.

Investors’ Activities

Arab investors were net buyers capturing 7.12 percent of the total market, with a net equity of 29.354 million pounds, excluding the deals

On the contrary, local and non-Arab foreign investors were net sellers controlling 76.09 and 16.78 percent respectively of the total markets, with a net equity of 12.354 million pounds and 17.000 million pounds, respectively, excluding the deals.