Egyptian Exchange Opens Higher, Gains EGP 1.3 Bln On Leading Shares

The Egyptian Exchange (EGX) opened higher on Wednesday gaining  EGP 1.3 billion  as the capital market has reached EGP 328.186 billion as of 9:08 GMT (11:08 local time).

The main index, EGX30 climbed 0.89% hitting 4543.11 p.  EGX20 jumped 1.09% reaching 5153.95 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched higher 0.33% reaching 395.25 p. Price index EGX100 went up 0.36% hitting 705.24 p.

Traded volume reached 6.159 million securities worth EGP 15.865 million, exchanged through 1.160  thousand transactions.

This was after trading in 63 listed securities; 9 declined and 46 advanced while 8 keeping their previous levels.

Non-Arab Foreigners and Egyptians were net sellers seizing 67.81and 19.26% respectively, of the total markets, with a net equity of EGP 429.878 thousand and EGP 480.935 thousand excluding the deals.

On the other hand, Arabs were net buyers seizing 12.93% of the total markets, with a net equity of EGP 910.813 thousand excluding the deals.

EGX’s leading shares witnessed collective upwards led by the shares owned by Commercial International Bank- Egypt (COMI.CA) which climbed 1.49% to hit EGP 24.58. Shares of Orascom Telecom Holding (OTH) (ORTE.CA) surged 1.37% to reach EGP 2.96. Shares owned by EFG-Hermes Holding (HRHO.CA) soared 1.12% to reach EGP 10.80.

Additionally, the shares of Orascom Telecom Media & Technology Holding (OTMT.CA) went up 0.81% to hit EGP 1.25. Shares of Orascom Construction Industries (OCI) (OCIC.CA) edged up 0.19% to reach EGP 248.70.