EGX 30 Ends This Week Above 5700 Pts Backed By Local, Foreign Buyers

The Egyptian Exchange (EGX) has ended this week posting humble gains of EGP 261 million backed by local and non-Arab foreign buying transactions. The capital market has reached to EGP 383.205 billion during Thursday’s closing.

The EGX indices end this week in green.

The main index, EGX30 inched up by 0.21% to end at 5702.93 p. EGX20 rose by 0.48% to close 6647.15 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.21% to conclude at 482.82 pts.  Price index EGX100 increased by 0.05% to finish at 811.12 p.

During Thursday’s closing, the trading volume has recorded lower than yesterday of 88.696 million securities worth EGP 343.211 million, exchanged 17.798 thousand transactions.

This was after trading in 171 listed securities; 62 declined, 82 advanced; while 27 keeping their previous levels.

EGX’s closing gains were backed by Egyptians and the non-Arab foreigners’ buying transactions as they were net buyers  seizing 87.88% and 7.15% respectively, of the total markets, with a net equity of EGP 10.726 million and EGP 34.552 million excluding the deals.

Meanwhile, Arabs were net sellers seizing 4.97% of the total markets, with a net equity of EGP 45.279 million excluding the deals.