Egypt’s stocks closed higher on Wednesday posting gains totaled EGP 3.1 billion, spurred by the news that possible diplomatic solutions could be reached to Syria conflict. The main gauge maintained its rally to exceed 5445 pts.
It was reported that the U.S. and Russia agreed on Monday on the latter’s proposal for putting Syria’s chemical weapons under international control, which may delay for the time being the possible military action.
The Egyptian Exchange indices were wavering in green notes during the closing session of Wednesday.
Egypt’s benchmark index EGX30 inched up by 0.72% to close at 5447.37 pts; while the EGX20 climbed by 1.07% to end at 6342.2 p.
Meanwhile, the mid- and small-cap index, the EGX70 edged higher by 0.63% to conclude at 463.58 p. The price index EGX100 rose by 0.52% to finish at 778.15 p.
The capital market has closed at EGP 367.770 billion on Wednesday.
Traded Volumes & Trades
Through the closing session of Wednesday, the trading volume has reached 144.945 million securities. For the traded value, it hit EGP 527.549 million, exchanged through 25.629 thousand transactions.
Also during the closing session, 166 listed securities have been traded in; 38 declined, 92 advanced; while 36 keeping their previous levels.
Egyptians and Arabs backed EGX’s gains as they remained net buyers seizing 75.91% and 8.16% respectively, of the total market, with net equities of EGP 8.769 million and EGP 1.745 million, excluding the deals.
Meanwhile, the non-Arab foreigners were net sellers seizing 15.94% of the total market, with a net equity of EGP 10.514 million, excluding the deals.