EGX Indices Opened Mixed, Benchmark Nears 5650 Pts On Arab Buyers

By Yomna Yasser On Jan 3, 2013

During Thursday’s opening session, the Egyptian Exchange (EGX) has posted gains of EGP 685 million backed by Arab buying transactions. The capital market has amounted to EGP 385.067 billion, according to data compiled by Amwal Al Ghad at 10:59 a.m. Cairo time (08:59 GMT).

The EGX indices opened mixed on Thursday.

The main index, EGX30 inched up by 0.25% to 5648.65 p. EGX20 rose by 0.09% to 6547.58 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped by 0.32% to 489.91 p. Price index EGX100 witnessed no change at 823.47 p.

This was after trading in 88 listed securities; 30 declined, 26 advanced; while 32 keeping their previous levels.

During the opening session, the trading volume has reached 17.884 million securities worth EGP 33.274 million, exchanged 1.756 thousand transactions.

Arabs’ opening buying transactions have backed EGX’s gains as they were net buyers seizing 14.81% of the total markets, with a net equity of EGP 3.289 million excluding the deals.

Meanwhile, Egyptians as well as the non-Arab foreigners were net sellers seizing 75.7% and 9.49% respectively, of the total markets, with a net equity of EGP 1.755 million and EGP 1.534 million, excluding the deals.