EGX 30 Solely Dips, Opens Below 5752 Pts

By Yomna Yasser On Feb 13, 2013

The Egyptian Exchange has opened Wednesday’s session posting humble gains of EGP 154 million backed by Arab buyers. The capital market has amounted to EGP 387.903 billion, according to data compiled by Amwal Al Ghad at 11:05 a.m. Cairo time (09:05 GMT) during Wednesday’s opening session.

The EGX indices opened in green except for the benchmark EGX30 which opened lower than Tuesday’s driven by Local and the non-Arab foreign selling pressures.

The main index, EGX30 tumbled by 0.07% to 5751.65 p. EGX20 rose by 0.08% to 6723.29 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.05% to 493.65 p. Price index EGX100 edged up by 0.05% to 827.36 p.

This was after trading in 99 listed securities; 28 declined, 40 advanced; while 31 keeping their previous levels.

During Wednesday’s opening session, the trading volume has reached 22.540 million securities worth EGP 39.184 million, exchanged 2.563 thousand transactions.

During the opening session, Arabs were net buyers seizing 7.48% of the total markets, with a net equity of EGP 3.307 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers seizing 88.07% and 4.45% respectively, of the total markets, with a net equity of EGP 3.277 million and EGP 29.816 thousand excluding the deals.