Cairo bourse ends week up, gains 5.3 Egyptian pounds

Egyptian stock market finished the week higher with gains estimated at 5.3 billion Egyptian pounds (around US$16 million) backed by Arab and foreign buying appetite.

The market capitalisation recorded 614.755 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 increased by 1.71 percent to 12824.32 points.

The EGX50 EWI index went up by 1.08 percent to 1992.31 points.

EGX20 surged by 2.27 percent to 13068.61 points.

In addition, the mid- and small-cap index EGX70 solely dropped by 0.37 percent to 464.27 points. The price index, EGX100 climbed by 0.18 percent to 1113.04 points.

Turnovers

On Thursday, the bourse’s trading volume has reached 825.656 million securities, with turnovers closed at 2.241 billion pounds, exchanged through 43,966 thousand transactions.

Also during the closing session, 174 listed securities have been traded in; 60 declined, 79 advanced; while 35 kept their previous levels.

Investors’ Activities

Arab and non-Arab investors were net buyers on Thursday getting 11.81 percent and 18.42 percent respectively of the total markets, with a net equity of 6.705 million pounds and 122.671 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers seizing 69.77 percent of the total market, with a net equity of 129.377 million pounds, excluding the deals.