Egypt Shares Gain EGP3.3bn on Wednesay amid Foreign Buying Appetite

Egyptian stocks ended trading higher on Wednesday attaining gains totaled EGP 3.3 billion triggered by foreign buying appetite. The benchmark index closed near 7180 points.

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

Indices

Egypt’s benchmark index EGX30 ended 1.31 per cent higher to 7179.54 pts; while EGX20 finished 1.47 per cent up to 8483.98 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 surged by 0.64% to close at 561.22 pts. The price index EGX100 increased by 0.45 per cent to conclude at 952.76 pts.  
The capital market has finished at EGP 442.607 billion on Wednesday.

Turnovers
Through the closing session of Wednesday, the trading volume has reached 354.348 million securities. For the traded value, it hit EGP 787.538 million, exchanged through 30.058 thousand transactions.           
Also during the closing session, 179 listed securities have been traded in; 41 declined, 124 advanced; while 14 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net sellers seizing 7.66% and 13% respectively of the total markets, with a net equity of EGP 17.107 million and 17.032 million respectively, excluding the deals.

On the contrary, Egyptians were net sellers acquiring 79.34% of the total market, with a net equity of EGP 34.140 million, excluding the deals.