Egypt Shares End this Week with Gains worth EGP2.2 billion

Egypt’s stocks ended this week higher attaining gains worth 2.2 billion Egyptian pounds bolstered by non-Arab foreign buying appetite. In addition, the main stock index, EGX30 surged to exceed 8745 points.

Meanwhile, the EGX indices were wavering in green notes during the closing session of Thursday, except for the mid- and small-cap index, the EGX70.

Indices

Egypt’s benchmark index EGX30 ended 0.43 per cent higher to 8746.27 pts; while EGX20 finished 0.48 per cent up to 10593.84 pts.     
In addition, the mid- and small-cap index, the EGX70 dropped by 0.03 per cent to end at 608.42 pts. The price index EGX100 went up by 0.15 per cent to conclude at 1070.57 pts.  
Furthermore, the market capitalization recorded EGP 495.987 billion on Thursday.

Turnovers Cross EGP 3 Billion
Through the closing session of Thursday, the trading volume has reached 1.150 billion securities, with turnovers worth EGP 3.097 billion, exchanged through 31.354 thousand transactions.               
Also during the closing session, 187 listed securities have been traded in; 89 declined, 70 advanced; while 24 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors remained net buyers on Thursday capturing 31.74% of the total market, with a net equity of EGP 829.564 million, excluding the deals.

On the other hand, Egyptian and Arab investors were net sellers seizing 66.17% and 2.09% respectively of the total markets, with a net equity of EGP 827.111 million and EGP 2.453 million respectively, excluding the deals.