EGX Gains EGP1.3 Bln By Week-End Ahead of January Revolt 2nd Anniversary

The Egyptian Exchange (EGX) has ended this week posting gains of EGP 1.27 billion backed by local and non-Arab foreign buyers. The capital market has reached to EGP 381.662 billion during Wednesday’s closing.

The EGX management announced that Thursday January 24th, 2013 is an official holiday on the occasion of the Prophet’s birth.

The EGX indices closed in green.

The main index, EGX30 inched up by 0.16% to end at 5689.23 p. EGX20 rose by 0.48 % to close at 6509.57 p.

Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.05% to conclude at 468.96 pts.  Price index EGX100 surged 0.56% to finish at 800.64 p.

During Wednesday’s closing, the trading volume has reached 105.426 million securities worth EGP 10.16 million, exchanged 23.086 thousand transactions.

This was after trading in 174 listed securities; 21 declined, 123 advanced; while 30 keeping their previous levels.

EGX’s closing gains were backed by local and the non-Arab foreigners’ buying transactions as they were net buyers seizing 32.88% and 35.38% respectively, of the total markets, with a net equity of EGP 14.265 million and EGP 545.179 million excluding the deals.

Meanwhile, Arabs were net sellers seizing 31.75% of the total markets, with a net equity of EGP 559.444 million excluding the deals.