Before Eid Holidays, Egypt Stocks End Week Higher, Yet EGX30 Solely Falls
Ahead of Eid holidays, Egypt’s bourse ended this week higher with gains worth 1.1 billion Egyptian pounds backed by local and Arab investors’ buying appetite. However, the country’s main stock index, EGX30 solely dropped on Thursday below 9730 points.
The Egyptian Exchange will suspend trading from Sunday October 5th until Tuesday October 7th on the occasion of Eid El Adha and Armed Forces’ holidays. Trading will be resumed on Wednesday October 8th.
Indices
Egypt’s benchmark index EGX30 ended 0.19 per cent lower to 9727.18 pts; while EGX20 finished 0.03 per cent up to 11419.25 pts.
In addition, the mid- and small-cap index, the EGX70 inched up by 1.19 per cent to finish at 647.74 pts. The price index EGX100 also hiked by 0.93 per cent to conclude at 1181.1 pts.
Furthermore, the market capitalization recorded EGP 529.039 billion on Thursday.
Turnovers Remain below EGP One billion
Through the closing session of Thursday, the trading volume has reached 100.759 million securities, with turnovers worth EGP 522.564 million, exchanged through 23.652 transactions.
Also during the closing session, 172 listed securities have been traded in; 41 declined, 113 advanced; while 17 kept their previous levels.
Investors’ Activities
Local and Arab investors were net buyers on Thursday capturing 76.45% and 5.75% respectively of the total markets, with a net equity of EGP 71.186 million and EGP 1.47 million, respectively, excluding the deals.
On the other hand, the non-Arab foreign were net sellers seizing 17.8% of the total market, with a net equity of EGP 72.334 million, excluding the deals.
