Egypt Shares Gain EGP4.7bn in Week of Easter, Sinai Liberation Holidays

Big 5

In a week which coincided with Easter Holidays and Sinai Liberation Day, Egypt’s stocks gained 4.7 billion Egyptian pounds. The main stock index, EGX30 surged 2.36% throughout trading sessions of last week, registering an increase of 191.21 points, ending Thursday’s transactions at 8294.88 points compared to 8103.67 points at the end of a week earlier.

In addition, the mid- and small-cap index, the EGX70 increased by 0.64% closing at 610 points during Thursday’s session, compared to 606.45 points at the end of a week earlier. The price index, EGX100 also hiked by 0.48% concluding by 1067 points during Thursday’s session, against 1062.11 points at the end of a week earlier.

Furthermore, the market capitalization closed at EGP 482.386 billion last Thursday, compared to EGP 477.628 billion at the end of a week earlier.

Turnovers & Traded Volumes:

Through the week, the trading volume hit around 606 million securities, compared to 1.3 billion securities at the end of a week earlier. For the traded value, it reached EGP 2.9 billion against EGP 5.5 billion a week earlier.

Sectors Activity:

Telecommunications sector was the most active sector through last week, recording a volume of trades of 263 million securities worth EGP 479 million.

Financial Services excluding Banks sector came second, attaining a volume of trades of 136 million securities worth EGP 409 million.

Real Estate reported third, with a volume of trades of 49 million securities worth EGP 295 million.

Travel & Leisure sector was on the fourth position, getting a volume of trades of 44 million securities worth EGP 101 million.

Personal and Household Products sector came fifth, recording a volume of trades of 34 million securities worth EGP 181 million.

Industrial Goods and Services and Automobiles reported sixth, having a volume of trades of 21 million securities worth EGP 85 million.

Construction and Materials was on the seventh position, with a volume of trades of 20 million securities worth EGP 83 million.

Food and Beverage reported eighth, attaining a volume of trades of 6.6 million securities worth EGP 38 million.

Basic Resources took the ninth position, with a volume of trades of 3.9 million securities worth EGP 49 million.

Banks reported tenth, recording a volume of trades of 2.9 million securities worth EGP 71 million.

Chemicals ranked eleventh, attaining a volume of trades of 2.4 million securities worth EGP 28 million.

At the bottom of the list, Healthcare and Pharmaceuticals sector reported twelfth getting a volume of trades of 1.9 million securities worth EGP 15 million.

Investors’ Activity:

Local investors led the market activity all through the week with 87.14%, followed by foreign and Arab investors with 6.48% and  6.38%, respectively, after excluding the deals.

Foreign investors were the most active sellers during the week earning the value of EGP 2.50 million, after excluding the deals.

Arab investors were also to sell by value of EGP 30.70 million, after excluding the deals.

Moreover, institutions seized 50.37% of total trading through the week; while individuals attained 49.63%. Institutions were the most active buyers during the week earning the value of EGP 105.41 million, after excluding the deals.

Market Remarks

–        EGX: Trading Halted April 20, 21st for Easter Holidays

The Egyptian Exchange (EGX) halted trading activities on Sunday, April 20 and Monday, April 21, 2014 for the Easter holidays.

Trading activities had been resumed on Tuesday, April 22, 2014.

–        EGX: Trading Halted April 24th for Sinai Liberation Day

Egyptian Exchange (EGX) also halted its trading activities last Thursday, April 24th on occasion of Sinai Liberation Day. The Central Bank of Egypt (CBE) also gave a similar notifications to the banks operating in Egypt to halt their banking activities on Thursday.

Trading and banking activities are set to be resumed next Sunday, April 27, 2014.

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