EGX finishes week in green with $55mn gains

Egyptian stock market concluded the week attaining gains estimated at 431 million Egyptian pounds (US$55 million) despite local and foreign sell off.

The market capitalisation hit 389.746 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 climbed by 0.41 percent to 6079.13 points.

The EGX50 EWI index went up by 0.66 percent to 1131.42 points.

EGX20 rose by 0.32 percent to 6069.12 points.

In addition, the mid- and small-cap index EGX70 boosted by 0.03 percent to 349.94 points. The price index, EGX100 jumped by 0.64 percent to 719.75 points.

Turnovers low

On Thursday , the bourse’s trading volume has hit 133.904 million securities, with turnovers closed at 295.046 million pounds, exchanged through 18,179 thousand transactions.

Also during the closing session, 158 listed securities have been traded in; 44 declined, 73 advanced; while 41 kept their previous levels.

Investors’ Activities

Local and foreign investors were net sellers on Thursday seizing 75.88% and 19.37% respectively of the total markets, with a net equity of 5.273 million pounds and 8.767 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net buyers getting 4.75% of the total market, with a net equity of 14.041 million pounds, excluding the deals.