EGX 30 Ends 2.83% Higher Backed By Foreign Buyers

During the closing session of Wednesday, the Egyptian Exchange (EGX) has extended its midday gains to eventually reach EGP 9.7 billion as the capital market has amounted to EGP 359.784 billion.

The indices closed in green.

The main index, EGX30 surged by 2.83% to end at 5158.38 p. EGX20 pushed up by 3.33% to close at 5926.53 p.

Meanwhile, the mid- and small-cap index, the EGX70 soared by 3.99% to conclude at 457.67 pts.  Price index EGX100 edged up by 3.48% to finish at 767.63 p.

Traded volume reached 173.315 million securities worth EGP 467.367 million, exchanged 28.727 thousand transactions.

This was after trading in 179 listed securities; 2 declined, 158 advanced; while 19 keeping their previous levels.

The non-Arab foreigners and Arabs’ closing buying deals have backed EGX’s gains as they were net buyers seizing 18.86% and 6.88% respectively, of the total markets, with a net equity of EGP 17.591 million and EGP 17.093 million excluding the deals.

Meanwhile, Egyptians were net sellers seizing 74.26% of the total markets, with a net equity of EGP 34.684 million excluding the deals.