EGX30 Solely up at Midday on Local, Non-Arab Buyers

Egypt’s bourse gained at midday trade on Wednesday gains worth 289 million Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 solely surged above 9540 points.

Meanwhile, the Egyptian Exchange’s indices were wavering mostly in red notes during the midday session of Wednesday.

Indices

The Benchmark EGX30 grew by 0.06% to 9540.01 p, and EGX20 fell by 0.35% to 11310.3 p.

In the contrary, the mid- and small-cap index, the EGX70 inched down by 0.74% to 624.03 p. Also, the Price index EGX100 dropped by 0.42% to 1133.52 p.

Furthermore, market capitalization reached EGP 520.846 billion, according to data compiled by Amwal Al Ghad English at 13:00 p.m. Cairo time (10:00 GMT).

Trading Volumes & Values

The trading volume has recorded 51.532 million securities worth EGP 374.916 million, exchanged through 9185 transactions during Wednesday midday.

Also during the midday session, 154 listed securities have been traded in; 82 fell, 33 advanced; while 37 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers at midday trade capturing 81.23% and 12.61% respectively of the total markets, with a net equity of EGP 2.934 million and EGP 7.228 million, excluding the deals.

On the other hand, Arab investors were net sellers seizing 6.16% of the total market, with a net equity of EGP 10.163 million, excluding the deals.