Egypt Shares End Week Higher ahead of 2011 Uprising Anniversary

Ahead of January 25 Uprising’s third anniversary, Egyptian stocks ended this week higher attaining gains totaled EGP 1.8 billion backed by non-Arab foreign buying appetite.

The benchmark index concluded this week much higher above 7230 points.

The Egyptian Exchange (EGX) indices were wavering in green notes Thursday afternoon.


Egypt’s benchmark index EGX30 ended 0.75 per cent higher to 7233.38 pts; while EGX20 finished 0.86 per cent up to 8556.74 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.70% to close at 565.15 pts. The price index EGX100 edged up by 0.73 per cent to conclude at 959.67 pts.  
The capital market has finished at EGP 444.450 billion on Thursday.

Through the closing session of Thursday, the trading volume has reached 332.919 million securities. For the traded value, it hit EGP 785.758 million, exchanged through 32.297 thousand transactions.           
Also during the closing session, 180 listed securities have been traded in; 55 declined, 107 advanced; while 18 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers acquiring 10.71% of the total market, with a net equity of EGP 13.513 million, excluding the deals.

On the contrary, Egyptians and Arabs were net sellers seizing 79.81% and 9.48% respectively of the total markets, with a net equity of EGP 9.670 million and 3.843 million respectively, excluding the deals.