Egypt Shares Gain EGP 1.16 billion at Open

Egypt’s stocks gained 1.16 billion Egyptian pounds at early trade on Wednesday powered by foreign investors’ buying appetite. In addition, the main stock index, EGX30 opened higher to record 8590 points.

Meanwhile, the EGX indices were wavering in green notes during the opening session of Wednesday.

Indices

The Benchmark EGX30 went up by 0.27% to 8590.52 p, and EGX20 rose by 0.42% to 10424.83 p.

In addition, the mid- and small-cap index, the EGX70 grew by 0.21% to 603.6 p.  Price index EGX100 also increased by 0.23% to 1059.29 p.

Furthermore, market capitalization reached EGP 489.934 billion, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (08:01 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 14.922 million securities worth EGP 54.624 million, exchanged through 1412 transactions during Wednesday opening.

Also during the opening session, 73 listed securities have been traded in; 5 fell, 38 advanced; while 30 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign Arab investors were net buyers at early trade on Wednesday capturing 4.31% and 6.62% respectively of the total markets, with a net equity of EGP 1.977 million and EGP 3.697 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 89.07% of the total market, with a net equity of EGP 5.674 million, excluding the deals.