Egypt Shares Edge Higher at Midday, Gain EGP3 bln

Powered by foreign buying appetite, Egyptian stocks posted gains worth EGP 3.25 billion during midday session on Wednesday.

Accordingly, the country’s main index continued its rally to cross 7190 points.

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

The Benchmark EGX30 pushed up by 1.48% to 7191.98 p; EGX20 also surged by 1.54% to 8489.46 p.

Additionally, the mid- and small-cap index, the EGX70 inched up by 0.57% to 560.81 p.  Price index EGX100 hiked by 0.56% to 953.77 p.

The capital market has hit EGP 442.564 billion on Wednesday, according to data compiled by Amwal Al Ghad English at 12:29 p.m. Cairo time (10:29 GMT).

Trading Volumes & Values

The trading volume has recorded 160.269 million securities worth EGP 329.448 million, exchanged through 11.870  transactions during Tuesday opening.

Also during the midday session, 154 listed securities have been traded in; 27 fell, 100 advanced; while 27 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 12.04% and 8.13% respectively of the total markets, with a net equity of 5.072 million and 12.295 million respectively, excluding the deals.

On the contrary, Egyptians were net sellers 79.83% of the total market, with a net equity of EGP 17.367 million, excluding the deals.