Egypt Shares Close Higher on Wednesday, EGX 30 Hits 6870

Egyptian stocks have ended higher on Wednesday powered by Arab net buyers posting gains totaled EGP 3.4 billion. The benchmark has surged for the second session in a row to finish above 6870 points.

The Egyptian Exchange indices were wavering in green notes on Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 1.40 per cent higher to 6870.07 pts, and EGX20 also finished 1.76 per cent up to 7998 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.80% to close at 547 pts. The price index EGX100 surged by 0.88 per cent to conclude at 930.43 pts.  
The capital market has closed at EGP 430.862 billion on Wednesday afternoon.

Turnovers
Through the closing session of Wednesday, the trading volume has reached 193.582 million securities. For the traded value, it hit EGP 489.621 million, exchanged through 21.358 thousand transactions.           

Also during the closing session, 180 listed securities have been traded in; 33 declined, 128 advanced; while 19 keeping their previous levels.

Investors’ Activities

Arabs were net buyers seizing 10.8% of the total market, with a net equity of EGP 61.563 million, excluding the deals.

On the contrary, Egyptians and the non-Arab foreigners were net sellers acquiring 87.71% and 1.5% respectively of the total markets, with a net equity of EGP 56.652 million and 4.910 million respectively, excluding the  deals.