EGX 30 Climbs 1.19%, Ends This Week Above 4985 Pts

The Egyptian Exchange (EGX) has ended this week posting gains of EGP 2.75 billion backed by local and Arab buyers.

The capital market has reached to EGP 348.707 billion during Thursday’s closing session.

The EGX indices closed in green notes.

Egypt’s benchmark index EGX30 climbed by 1.19% to close at 4985.05 p; while EGX20 inched up by 0.95% to end at 5752.38 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.55% to conclude at 434.03 p.  Price index EGX100 advanced by 0.74% to finish at 724.37 p.

During Thursday’s closing, the trading volume hit 108.564 million securities, higher than Wednesday’s 106.447 million securities, representing an increase of 2.117 thousand securities. For the traded value, it reached EGP 208.707 million, exchanged 14.538 thousand transactions.

This was after trading in 158 listed securities; 29 declined, 89 advanced; while 40 keeping their previous levels.

Egyptians and Arabs’ buying transactions have backed EGX’s gains as they were net buyers seizing 73.65% and 9.08% respectively, of the total markets, with a net equity of EGP 8.118 million and EGP 5.662 million excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 17.27% of the total markets, with a net equity of EGP 13.780 million, excluding the deals.