Despite June 30 Protest Coming Up, Egypt Benchmark Ends This Week 0.9% Up

Ahead of the planned anti-regime mass demonstrations on June 30, Egypt’s stock market has extended its gains to the third day ending this week with gains totaled at nearly EGP 2 billion backed by local and Arab buyers.

The Egyptian Exchange’s indices flourished for the fourth day in a row this week.

Egypt’s benchmark index EGX30 edged up by 0.95% to close at 4685.09 p; while the EGX20, it advanced by 0.93% to end 5156.29 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.60% to conclude at 358.35 p.  The price index EGX100 went up by 0.81% to finish at 639.68 p.

The capital market has closed this at EGP 319.510 billion by Thursday afternoon.

Traded Volumes & Trades

Through the closing session of Thursday, the trading volume reached 68.690 million securities. For the traded value, it reached EGP 222.121 million, exchanged through 13.602 thousand transactions.

Also during the closing session of Thursday, 165 listed securities have been traded in; 30 declined, 107 advanced; while 28 keeping their previous levels.

Investors’ Activity

Egyptians and Arabs’ buying transactions have backed EGX’s closing gains as they were net buyers seizing 69.02% and 6.23% respectively, of the total markets, with a net equity of EGP 11.185 million and 4.273 million excluding the deals.

On the other hand, the non-Arab foreigners were net sellers seizing 24.75% of the total markets, with a net equity of EGP 15.459 million, excluding the deals.