Cairo stocks end week in green amid thin Ramadan trade

Egypt’s stock market rebounded on Thursday backed by foreign buying appetite during the eleventh day of the Muslim holy month of Ramadan.

Main index as EGX30 rose 0.08 percent, to 7420.39 points.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index increased 0.11 percent, to 1341.59 points; while EGX20 dipped 0.06 percent, to 7576.8 points.

Mid- and small-cap index EGX70 added 0.16 percent, to 360.29 points. Price index, EGX100 grew 0.11 percent, to 766.49 points.

Market Caps

Market capitalisation gained 1.35 billion Egyptian pounds ($152 million), to record 399.112 billion pounds during the closing session of Thursday.

Turnovers

The bourse’s trading volume reached 133.809 million securities, with turnovers, closing at 654.054 million pounds, exchanged through 15.582 transactions.

Also during the closing session, 154 listed securities have been traded in, 45 declined, 65 advanced; while 38 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net buyers capturing 19.57 percent of the total market, with a net equity of 20.584 million pounds, excluding the deals.

On the contrary, local and Arab investors were net sellers controlling 74.05 and 6.38 percent respectively of the total markets, with a net equity of 10.848 million pounds and 9.738 million pounds, respectively, excluding the deals.