Egypt’s stocks pared its midday losses to end this week’s sessions lower by 2.8 billion pounds amid Arab sell-offs. Yet, the country’s main stock index – EGX30 finished this week higher above 8140 points.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in mixed notes on Thursday afternoon.
Egypt’s benchmark index EGX30 closed 0.53 per cent higher to 8140.05 pts; while EGX20 finished 0.46 per cent up to 9825.79 pts.
Meanwhile, the mid- and small-cap index, the EGX70 tumbled by 1.35 per cent to end at 651.12 pts. The price index EGX100 also dropped by 0.90 per cent to conclude at 1115.57 pts.
Furthermore, the market capitalization recorded EGP 491.644 billion on Thursday.
Turnovers above One Billion Pounds
Through the closing session of Thursday, the trading volume has reached 499.797 million securities, with turnovers worth EGP 1.395 billion, exchanged through 45.659 thousand transactions.
Also during the closing session, 180 listed securities have been traded in; 62 declined, 98 advanced; while 20 keeping their previous levels.
Arab investors were net sellers on Thursday seizing 8.98% of the total market, with a net equity of EGP 8.214 million, excluding the deals.
On the other hand, Egyptian and the non-Arab foreign investors were net buyers capturing 80.98% and 10.04% respectively of the total markets, with a net equity of EGP 1.752 million and EGP 6.461 million respectively, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price rally on Thursday by 3.37 percent to EGP 13.20.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) inched up by 1.28 percent to EGP 37.07.
In the real estate sector, Palm Hills Development Company (PHDC.CA) surged by 2.98 percent to trade at EGP 3.80, Talaat Moustafa Group Holding (TMGH.CA) also pushed up by 2.56 percent to trade at EGP 8.40, and Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) went down by 0.24 percent to close at EGP 25.17.