EGX 30 Hits 4085 Pts, OTMT 2.34% Up; Mid-Wednesday

Amid the current political uncertainty,  the Egyptian Exchange (EGX) had on mid-Wednesday posted losses of EGP 277 million  as the capital market has reached EGP 305.743 billion according to data compiled by Amwal Al Ghad at 10:40 GMT (12:40 pm local time).

The main index, EGX30 sagged 0.04% to hit 4085.96 p.  EGX20 went up 0.28% to reach 4630.23 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched higher 0.07% to hit 377.61 p. Price index EGX100 edged down 0.27% to reach 641.82 p.

Traded volume reached 37.392 million securities worth EGP 124.619 million, exchanged through 5.806  thousand transactions.

This was after trading in 130 listed securities; 54 declined and 49 advanced while 27 keeping their previous levels.

The main reason behind EGX’s downwards was that the non-Arab Foreigners were net sellers seizing 24.88% of the total markets, with a net equity of EGP 20.254 million excluding the deals

Egyptians and Arabs  were net buyers seizing 43.96% and 31.17% respectively, of the total markets, with a net equity of EGP 9.605 million and EGP 10.648 million excluding the deals.

EGX’s leading shares witnessed collective upwards except for the shares owned by Orascom Construction Industries (OCIC.CA) which dipped 0.43% to hit EGP 218.25.

On the other hand, shares of Orascom Telecom Media & Technology Holding (OTMT.CA) climbed 2.34% to reach EGP 1.31. Shares owned by Commercial International Bank- Egypt (CIB) (COMI.CA) went up 1.36% to hit EGP 22.40.

Additionally, shares of EFG-Hermes Holding (HRHO.CA) rebound by going up 0.54% to reach EGP 9.23. Shares of Orascom Telecom Holding (OTH) (ORTE.CA) inched higher 0.37% to hit EGP 2.68.