EGX Gains EGP 2 Bln, Benchmark Opens Above 5360 Pts

During Wednesday opening session, the Egyptian Exchange (EGX) has posted gains of around EGP 2 billion. The capital market has amounted to EGP 369.027 billion, according to data compiled by Amwal Al Ghad at 11:18 a.m. Cairo time (09:18 GMT).

The EGX indices opened in green.

The main index, EGX30 inched up by 0.74% to 5360.21 p. EGX20 climbed by 1.16% to 6192.92p.

Meanwhile, the mid- and small-cap index, the EGX70 surged by 0.91% to 475.98 p.  Price index EGX100 rose by 0.75% to 796.08 p.

This was after trading in 99 listed securities; 4 declined, 76 advanced; while 19 keeping their previous levels.

The non-Arab foreigners and the Arabs’ buying deals have backed EGX’s opening gains as they were net buyers seizing 3.83% and 9.22% respectively, of the total markets, with a net equity of EGP 865.860 thousand and EGP 723.024 thousand excluding the deals.

On the other hand, Egyptians were net sellers seizing 86.95% of the total markets, with a net equity of EGP 1.588 million excluding the deals.