Egypt Shares Close Higher on Thursday , with EGP2.1 bln Gains

Egyptian stocks ended higher during the last session of this week with gains totaled EGP 2.1 billion backed by local buying appetite. The benchmark index has shut above EGP451.912 billion.

The Egyptian Exchange (EGX) indices were wavering in green notes on Thursday afternoon.

Egypt’s benchmark index EGX30 ended 0.42 per cent higher to 7405.25 pts, and EGX20 also finished 0.84 per cent up to 8816.1 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 increased by 1.29% to close at 584.62 pts. The price index EGX100 rose by 1,28 per cent to conclude at 992.2 pts.  
The capital market has closed at EGP 431.444 billion on Sunday afternoon.

Through the closing session of Thursday, the trading volume has reached 310.29 million securities. For the traded value, it hit EGP 1.47 million, exchanged through 19 thousand transactions.           

Also during the closing session, 191 listed securities have been traded in; 40 declined, 129 advanced; while 19 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers seizing 79.78% of the total market, with a net equity of EGP 55.613 million, excluding the deals.

On the contrary, Arabs and the non-Arab foreigners were net sellers acquiring 9.35% and 10.87% respectively of the total markets, with a net equity of EGP 35.838 million and 19.775 million respectively, excluding the deals.