Cairo stock market ends week with modest gains despite local sell off

Egyptian stock market ended this week with humble gains estimated at 655 million Egyptian pounds (US$73.7 million) despite local selling pressures.

The market capitalisation recorded 404.932 billion pounds during the closing session of Thursday.

Indices

Egyptian benchmark index, EGX30 rose 0.23 percent to 7520.52 points.

The EGX50 EWI index went up by 0.47 percent to 1406.77 points.

EGX20 climbed by 0.37 percent to 7478.64 points.

In addition, the mid- and small-cap index EGX70 hiked by 0.74 percent to 370.66 points. The price index, EGX100 increased by 0.47 percent to 781.3 points.

Turnovers down

On Thursday, the bourse’s trading volume has reached 210.782 million securities, with turnovers closed at 1.021 billion pounds, exchanged through 22,764 thousand transactions.

Also during the closing session, 177 listed securities have been traded in; 53 declined, 84 advanced; while 37 kept their previous levels.

Investors’ Activities

On Thursday, Local investors were net sellers seizing 83.25 percent of the total market, with a net equity of 106.741 million pounds, excluding the deals.

On the contrary, Arab and Non-Arab investors were net buyers on Thursday getting 3.22 percent and 13.52 percent respectively of the total markets, with a net equity of 19.720 million pounds and 87.020 million pounds, respectively, excluding the deals.