Shares in Egypt Maintain Rally, Main Gauge Nears 5570 at Open

Egypt’s stocks opened higher on Wednesday incurring early gains of EGP 693 million backed by non-Arab foreign buyers. The benchmark index rose to 5567 pts on Wednesday morning.

The Egyptian Exchange’s indices were wavering in green notes this morning,

The Benchmark EGX30 edged up by 0.35% to 5567.92 p; while EGX20 rose by 0.27% to 6471.81 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.29% to 477.25 p.  Price index EGX100 advanced by 0.28% to 798.87 p.
The capital market has opened at EGP 375.561 billion on Wednesday according to data compiled by Amwal Al Ghad English at 11:13 a.m. Cairo time (09:13 GMT).

Trading Volumes & Values

The trading volume has recorded 10.539 million securities worth EGP 45.338 million, exchanged through 3086 transactions during Wednesday opening.

Also during the opening session, 108 listed securities have been traded in; 24 fell, 46 advanced; while 38 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners remained net buyers seizing 4.91%, of the total markets, with a net equity of EGP 2.789 million excluding the deals.

Meanwhile, Egyptian and Arab investors were net sellers as they seized 89.23% and 5.86% respectively of the total markets, with a net equity of EGP 662.177 thousand and EGP 2.127 million respectively, excluding the deals.