Egypt Bourse Rebounds at Close Powered by Local, Arab Net Buyers

Local and Arab net buyers have driven Egyptian stocks to end mostly higher on Wednesday posting gains totaled EGP 434 million. The benchmark index rebounded to close above 6720 points.

Yet, the Egyptian Exchange indices were wavering in mixed notes on Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 0.05 per cent higher to 6723.64 pts, and EGX20 also finished 0.07 per cent up to 7795.02 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 remained with no change at  535.55 pts. The price index EGX100 went down by 0.05 per cent to close at 908.81 pts.  
The capital market has closed at EGP 422.400 billion on Wednesday afternoon.

Turnovers
Through the closing session of Wednesday, the trading volume has reached 202.005 million securities. For the traded value, it hit EGP 462.389 million, exchanged through 21.739 thousand transactions.          

Also during the closing session, 181 listed securities have been traded in; 83 declined, 69 advanced; while 29 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers acquiring 86.5% and 5.23% respectively of the total markets, with a net equity of EGP 4.501 million and 6.118 million respectively, excluding the  deals.

On the contrary, the non-Arab foreigners were net sellers seizing 8.27% of the total market, with a net equity of EGP 10.619 million, excluding the deals.