EGX 30 Surges 1.50% Backed By Foreign Buyers; Midday

During Wednesday midday session, the Egyptian Exchange (EGX) has posted gains of around EGP 3 billion as the capital market has amounted to EGP 375.074 million , according to data compiled by Amwal Al Ghad at 01:33 p.m. Cairo time (11:33GMT).

The EGX indices were in green during midday trading.

The main index, EGX30 climbed by 1.50% to 5317.44 p. EGX20 surged 1.35% to 6266.6 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.19% to 481.24 pts.  Price index EGX100 rose by 0.46% to 810.96 p.

Traded volume reached 65.001 million securities worth EGP 223.968 million, exchanged 13.195 thousand transactions.

This was after trading in 165 listed securities; 45 declined, 94 advanced; while 26 keeping their previous levels.

EGX’s midday rise was backed by the non-Arab Foreigners’ buying transactions.

Egyptians and Arabs were net sellers seizing 83.81% and 2.59% respectively, of the total markets, with a net equity of EGP 8.931 million and EGP 31.013 thousand excluding the deals.

On the other hand, the non-Arab Foreigners were net buyers seizing 13.59% of the total markets, with a net equity of EGP 8.962 million excluding the deals.