After Feast Holidays, Egypt Stocks Open Higher on Wednesday

Egypt’s stocks opened higher on Wednesday after the holidays of Eid Al Adha (Feast of Sacrifice) posting gains at value of around 1 billion Egyptian pounds to register EGP911 million triggered by Arab and Egyptian investors’ buying appetite.

Indices

The Benchmark EGX30 tumbled by 0.03% to 9724.66 p, and EGX20 fell by 0.12% to 11405.2 p.

In addition, the mid- and small-cap index, the EGX70 rose by 0.54% to 651.23 p.  Price index EGX100 increased by 0.39% to 1185.75 p.

Furthermore, market capitalization reached EGP 529.950 billion, according to data compiled by Amwal Al Ghad English at 11:05 a.m. Cairo time (09:08 GMT).

Trading Volumes & Values

The trading volume has reached 8.678 million securities worth EGP 42.346 million, exchanged through 1.2 thousand transactions during Wednesday opening.

Also during the opening session, 78 listed securities have been traded in; 12 fell, 45 advanced; while 22 keeping their previous levels.

Investors’ Activities

Foreign investors were net buyers at early trade capturing 40.71% of the total markets, with a net equity of EGP8.5million, excluding the deals.

On the other hand, Arab and Egyptian investors were net sellers at early trade seizing 55.53% , 3.76% respectively of the total market, with a net equity of EGP5.5million and EGP2.9 million, excluding the deals.