EGX 30 Opens Above 5030 Pts Backed By Foreign Net Buyers

During Wednesday opening session, the Egyptian Exchange (EGX) has posted early gains of  around EGP 2 billion as the capital market has amounted to EGP 349.419 billion, according to data compiled by Amwal Al Ghad at 11:20 a.m. Cairo time (08:20 GMT).

The EGX indices opened in green except for the EGX70.

The main index, EGX30 inched higher 0.93% to 5031.92 p. EGX20 went up by 0.52% to 5737.21 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.05% to 442.69 p.  Price index EGX100 rose by 0.47% to 744.21 p.

This was after trading in 97 listed securities; 36 declined, 26 advanced; while 35 keeping their previous levels.

EGX’s early gains were backed by  the non-Arab foreigners’ buying deals as they were net buyers seizing 21.57% of the total markets, with a net equity of EGP 11.091 million excluding the deals.

On the other hand, Egyptians and Arabs were net sellers seizing 71.2% and 7.24% respectively, of the total markets, with a net equity of EGP 10.039 million and EGP 1.051 million excluding the deals.

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