Stocks in Egypt close 0.5% higher before Eid holidays

Egyptian stocks ended slightly higher on Thursday as some investors stayed away ahead of market closures next week for Eid al-Adha holidays.

Main index, EGX30 rose 0.52 percent, to 8188.2 points.

Trading will resume on September 14, according to a bourse statement.

Other indices; EGX50 EWI index also traded lower 0.81 percent, to 1363.24 points; EGX20 tumbled 1.02 percent, to 8177.31 points.

Mid- and small-cap index EGX70 dropped 0.16 percent, to 357.93 points. Price index, EGX100 went down 0.71 percent, to 813.43 points.

Market Cap

Market capitalisation gained 1.02 billion Egyptian pounds ($114.7 million), to record 420.362 billion pounds during the closing session of Thursday.

Turnovers

The bourse’s trading volume reached 97.506 million securities, with turnovers, closing at 367.703 million pounds, exchanged through 12.297 transactions.

Also during the closing session, 160 listed securities have been traded in, 45 declined, 68 advanced; while 47 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers controlling 70.05 and 15.38 percent respectively of the total markets, with a net equity of 9.802 million pounds and 19.515 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign investors were net sellers capturing 14.57 percent of the total market, with a net equity of 29.317 million pounds, excluding the deals.