Egypt Shares Edge Higher at Midday, Gain EGP1.3 bln

Powered by foreign buying appetite, Egyptian stocks posted gains worth EGP 1.3 billion during midday session on Thursday.

Accordingly, the country’s main index continued its rally to cross EGP451.183 billion.

The Egyptian Exchange indices were wavering in green notes during midday trading session of Thursday.

The Benchmark EGX30 pushed up by 0.19% to 7388 p; EGX20 also surged by 0.49% to 8785 p.

Additionally, the mid- and small-cap index, the EGX70 inched up by 1009% to 583 p.  Price index EGX100 hiked by 1006% to 989 p.

Trading Volumes & Values

The trading volume has recorded 114 million securities worth EGP 335 million, exchanged through 14 thousand  transactions during Thursday.

Also during the midday session, 162 listed securities have been traded in; 37 fell, 105 advanced; while 20 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 10.78% and 4.35% respectively of the total markets, with a net equity of 19 million and 5.6 million respectively, excluding the deals.

On the contrary, Egyptians were net buyers 84.87% of the total market, with a net equity of EGP 25 million, excluding the deals.