Egypt Shares Jump on Wednesday, EGX30 Exceeds 8465

Egypt’s shares jumped on Wednesday, closed with gains worth 5.26 billion Egyptian pounds powered by a strong return of the foreign investors’ buying appetite. Accordingly, the main stock index, EGX30 soared at close exceeding 8465 points.

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

Indices

Egypt’s benchmark index EGX30 ended 1.92 per cent higher to 8466.85 pts; while EGX20 finished 1.78 per cent up to 10119.14 pts.     
In addition, the mid- and small-cap index, the EGX70 surged by 0.81 per cent to end at 616.88 pts. The price index EGX100 pushed up by 1.25 per cent to conclude at 1076.44 pts.  
Furthermore, the market capitalization recorded EGP 486.258 billion on Wednesday.

Turnovers Surpass EGP1 bln
Through the closing session of Wednesday, the trading volume has reached 286.046 million securities, with turnovers worth EGP 1.038 billion, exchanged through 33.178 thousand transactions.               
Also during the closing session, 178 listed securities have been traded in; 31 declined, 136 advanced; while 11 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Wednesday capturing 16.51% and 8.36% respectively of the total markets, with a net equity of EGP 226.228 million and EGP 180.139 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 75.13% of the total market, with a net equity of EGP 406.367 million, excluding the deals.