EGX30 Jumps to 8734, Egyptian Stocks Gain EGP4.7bn at Midday

Egypt’s stocks surged at midday session on Thursday attaining gains worth 4.7 billion Egyptian pounds powered by foreign investors’ buying appetite. As a result, the country’s main stock index, EGX30 crossed 8730 points.

Meanwhile, the EGX indices were wavering in green notes during the midday session of Thursday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan.

The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan.

Indices

The Benchmark EGX30 soared by 2% to 8734.03 p, and EGX20 pushed up by 1.69% to 10445 p.

In addition, the mid- and small-cap index, the EGX70 hiked by 0.57% to 619.78 p. Yet, the Price index EGX100 increased by 0.63% to 1095.61 p.

Furthermore, market capitalization reached EGP 496.018 billion, according to data compiled by Amwal Al Ghad English at 12:52 p.m. Cairo time (10:52 GMT).

Trading Volumes & Values

The trading volume has recorded 106.517 million securities worth EGP 407.579 million, exchanged through 13.971 transactions during Thursday midday.

Also during the midday session, 156 listed securities have been traded in; 25 fell, 105 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers at midday trade capturing 10.77% and 13.69% respectively of the total markets, with a net equity of EGP 25.818 million and EGP 65.692 million, excluding the deals.

On the other hand, local investors were net sellers seizing 75.54% of the total market, with a net equity of EGP 91.511 million, excluding the deals.