Egypt Bourse On The Rebound, Benchmark Nears 5100 Pts – Opening

Egyptian market seems to be on the rebound early Thursday after posting gains of EGP 948 million during the opening session.

The Egyptian Exchange’s indices were in green notes on early Thursday, except for the mid- and small-cap index, the EGX70 which solely fell.

Benchmark EGX30 inched up by 0.49% to 5096.6 p. EGX20 also rose by 0.43% to 5688.73 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped by 0.12% to 411.92 p.  Price index EGX100 increased by 0.19% to 703.51 p.

The capital market has amounted to EGP 344.185 billion, according to data compiled by Amwal Al Ghad English at 11:18 a.m. Cairo time (09:18 GMT) during the opening session of Thursday.

Trading Volumes & Values:

The trading volume has recorded 6.722 million securities worth EGP 27.931 million, exchanged through 1881 transactions during Tuesday’s midday.

Also during the opening session, 90 listed securities have been traded in; 31 declined, 26 advanced; while 33 steadied.

Investors’ Activities:

The non-Arab foreigners’ buying transactions have backed EGX’s opening gains as they were net buyers seizing 22.69% and 2.5% respectively, of the total markets, with a net equity of EGP 2.263 million and EGP 995.466 thousand, excluding the deals.

Meanwhile, Egyptians were net sellers seizing 74.8% of the total markets, with a net equity of EGP 3.258 million excluding the deals.