EGX 30 Opens Near 5700 Pts On Arab Buyers

By Yomna Yasser On Jan 17, 2013

The Egyptian Exchange (EGX) has opened Thursday posting gains of EGP 922 million backed by Arab buying transactions. The capital market has amounted to EGP 384.456 billion, according to data compiled by Amwal Al Ghad at 11:21 a.m. Cairo time (09:21 GMT).

The EGX indices opened in green, except for the mid- and small-cap index, EGX70.

The main index, EGX30 inched up by 0.14% to 5698.85 p. EGX20 rose by 0.31% to 6566.12 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.08% to 475.92 p. Price index EGX100 went up by 0.03% to 811.88 p.

This was after trading in 88 listed securities; 21 declined, 29 advanced; while 38 keeping their previous levels.

During the opening session, the trading volume has reached 8.607 million securities worth EGP 36.331 million, exchanged 1.425 thousand transactions.

The EGX’s early gains backed by Arabs’ buying transactions as they were net buyers seizing 24.77% of the total markets, with a net equity of EGP 13.976 million excluding the deals.

On the other hand, Egyptians and the non-Arab foreigners were net sellers seizing 53.1% and 21.13% respectively, of the total markets, with a net equity of EGP 914.092 thousand and EGP 13.062 million excluding the deals.