EGX extend gains on Wednesday with market cap adding EGP 3B

The Egyptian Exchange (EGX) ended Wednesday’s session in green, with market capitalization gaining 3.04 billion Egyptian pounds on Egyptian and Arab purchases.

The benchmark EGX30 rose 0.83 percent, or 85.39 points, to close at 10,424.1 points.

The equally weighted index EGX 50 jumped 1.10 percent, or 17.07 points, to end at 1,564.48 points.

Meanwhile, the small and mid-cap index EGX 70 increased 0.51 percent, or 6.04 points, to close at 1,198.54 points, and the broader index EGX 100 climbed 0.62 percent, or 11.88 points to 1,930.31 points.

Market capitalization gained 3.04 billion pounds, recording 558.62 billion pounds, compared to 555.57 billion pounds in Tuesday’s session.

The trading volume reached 378.28 million shares, traded through 35,362 transactions, with a turnover of 1.15 billion pounds.

Foreign investors were net sellers at 246.72 million pounds, while Egyptian and Arab investors were net buyers at 232.86 million pounds, and 13.86 million pounds, respectively.

Arab individuals were net buyers at 7.4 million pounds, while Egyptian and foreign individuals were net sellers at 45.1 million pounds, and  3.02 million pounds, respectively.

Foreign organizations sold at 243.69 million pounds, while Egyptian and Arab organizations bought at 277.96 million pounds, and 6.46 million pounds, respectively.