Egyptian Bourse Gain EGP23.4 billion in July

Big 5

In July, Egypt bourse acquired gains worth 23.4 billion Egyptian pounds. The country’s main stock index, EGX30 surged to six-year higher, registering an 8.14% growth during July to close at 8826 points.

For the mid- and small-cap index, the EGX70 jumped by 6.27% to close at 628 points. The price index EGX100 also soared by 7.2% to conclude at the level of 1109 points.

Furthermore, market capitalization ended at EGP 501.058 billion by the end of July’s sessions, compared to EGP 477.641 billion by the end of last June’s sessions.

Turnovers & Market Summary

In July, EGX’s traded volume reached around 2.535 million securities worth turnovers of around EGP 17.3 billion, exchanged through 338 thousand transactions. Noting that, through last June the traded volume had reached 5.639 million securities worth turnovers of around EGP 41.9 billion, exchanged through 541 thousand transactions.

Elsewhere, the traded volume for the EGX of SMEs – NILEX throughout July has amounted to 15.7 million securities worth EGP 24.2 million, exchanged through 5123 thousand transactions.

For EGX’s Over-The-Counter – OTC trading, the shares had seized 62.38% out of the total traded value; while traded value of the bonds represented around 37.62% in July.

Investors Activities:

Local investors led the market activity during June, seizing 86.23% of the total market; while non-Arab foreigners and Arabs acquired 6.70% and 7.07%, respectively of the total market, after excluding the deals.

Excluding the deals, the non-Arab foreigners were net buyers in June, with a net equity of EGP 307.48 million. Arabs were also to buy, with a net equity of EGP 1.402 million, after excluding the deals.

Also in June, institutions had seized 59.57% of the EGX’s transactions; while individuals had 40.43%.

Institutions were net sellers, with a net equity of EGP 307.82 million through June, after excluding the deals.

Trading on Bonds

In July, the volume of trading on bonds recorded around 5.825 thousand worth turnovers of around EGP 6.133 million.

Investors’ Activity:

Local investors led the market activity all through the week with 86.84%, followed by foreign and Arab investors with 9.22% and 3.95%, respectively, after excluding the deals.

Foreign investors were the most active buyers during the week earning the value of EGP 466.55 million, after excluding the deals.

Arab investors were also to sell by value of EGP 10.95 million, after excluding the deals.

Moreover, institutions seized 59.13% of total trading through the week; while individuals attained 40.87%. Institutions were the most active buyers during the week earning the value of EGP 578.65 million, after excluding the deals.

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