Ahead of Labour Day, Egypt Shares End Week up at EGP3.6 bln Gains

Egypt’s shares ended this week higher with gains totalling 3.6 billion Egyptian pounds ahead of Labour Day. In addition, the main stock index closed higher on Wednesday crossing 8255 points powered by restored local buying appetite.

Trading activities will be halted on Thursday, May 1st, 2014 on the occasion of Labour Day, the EGX management announced. The trading will be resumed on Sunday, May 4th.

Meanwhile, the EGX indices were wavering in green notes, halting the three-day loss streak on Wednesday.


Egypt’s benchmark index EGX30 ended 1.30 per cent higher to 8256.14 pts; while EGX20 finished 1.32 per cent up to 9851.11 pts.     
In addition, the mid- and small-cap index, the EGX70 inched up by 1.04 per cent to end at 609.4 pts. The price index EGX100 hiked by 0.83 per cent to conclude at 1064.32 pts.  
Furthermore, the market capitalization recorded EGP 478.038 billion on Wednesday.

Turnovers below EGP1 bln
Through the closing session of Wednesday, the trading volume has reached 207.216 million securities, with turnovers worth EGP 682.983 million, exchanged through 24.420 thousand transactions.               
Also during the closing session, 186 listed securities have been traded in; 26 declined, 142 advanced; while 18 keeping their previous levels.

Investors’ Activities

Egyptian investors were net buyers on Wednesday capturing 78.38% of the total market, with a net equity of EGP 50.669 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net sellers seizing 8.04% and 13.57% respectively of the total markets, with a net equity of EGP 38.047 million and EGP 12.622 million respectively, excluding the deals.