Egypt Indices End this Week Up, but Market Cap Loses EGP4.3bn

Egypt’s indices ended this week higher, led by the main index, EGX30 that surged to hover around 9260 points. However, the country’s bourse incurred losses worth 4.3 billion Egyptian pounds triggered by lower market capitalisation amid non-Arab investors’ selling pressures.

Indices

Egypt’s benchmark index EGX30 ended 0.41 per cent higher to 9258.18 pts; and EGX20 closed 0.41 per cent up to 10689.05 pts.

On the other hand, the mid- and small-cap index, the EGX70 increased by 0.13 per cent to finish at 646.39 pts. The price index EGX100 rose by 0.45 per cent to conclude at 1155.16 pts.  
Furthermore, the market capitalization recorded EGP 525.075 billion on Thursday.

Turnovers below EGP One billion
Through the closing session of Thursday, the trading volume has reached 176.732 million securities, with turnovers worth EGP 779.485 million, exchanged through 24.743 transactions.                 
Also during the closing session, 187 listed securities have been traded in; 83 declined, 73 advanced; while 27 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers capturing on Thursday 89.51% and 5.09% respectively of the total markets, with a net equity of EGP 2.320 million and EGP 2.619 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were sellers seizing 5.41% of the total market, with a net equity of EGP 4.939 million, excluding the deals.