Egypt Shares End Higher on Sunday ahead of Deposed President’s Trial

Ahead of the trial of Egypt’s deposed president Mohamed Morsi scheduled for November 4 and coinciding with the US Secretary of State John Kerry’s visit to the country,  Egyptian shares ended higher on Sunday posting gains totaled EGP 1.01 billion. The benchmark index closed above 6185 points.

The Egyptian Exchange indices were wavering on green notes on Sunday afternoon, except for the EGX20 index, shrugging off concerns over possible tensions during Morsi’s trial.

Egypt’s benchmark index EGX30 ended 0.08 per cent higher to 6186.97 pts, and the EGX20 also finished 0.09 per cent down to 7232.81 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.93 per cent to conclude at 521.36 pts. The price index EGX100 advanced by 0.84 per cent to close at 874.67 pts. 
The capital market has closed at EGP 403.348 billion on Sunday.

Turnovers
Through the closing session of Sunday, the trading volume has 122.925 million securities. For the traded value, it hit EGP 345.145 million, exchanged through 21.630 thousand transactions.    

Also during the closing session, 178 listed securities have been traded in; 66 declined, 84 advanced; while 28 keeping their previous levels.

Investors’ Activity

Egyptians and the non-Arab foreigners were net buyers acquiring 88.75% and 6.65% respectively, of the total market, with net equities of EGP 3.157 million and EGP 1.458 million, excluding the deals.

On the other hand, Arabs were net sellers seizing 4.61% of the total market, with a net equity of EGP 4.615 million, excluding the deals.