Egypt Shares Open Higher Despite Renewed Clashes in Tahrir

By Yomna Yasser On Nov 20, 2013

Egyptian stocks maintained their winning streak for the third day in a row during the opening session. The stocks posted early gains of EGP 1.5 billion backed by local net buyers; whereas the main gauge has crossed 6455 points on Wednesday.

The Benchmark EGX30 inched up by 0.77% to 6456.46 p; while EGX20 rose by 0.90% to 7540.44 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.17% to 538.44 p. Price index EGX100 hiked by 0.25% to 897.61 p.

The capital market has reached EGP 415.997 billion on Wednesday, according to data compiled by Amwal Al Ghad English at 11:11 a.m. Cairo time (09:11 GMT).

Trading Volumes & Values

The trading volume has recorded 48.607 million securities worth EGP 89.353 million, exchanged through 3915 transactions during Wednesday opening.

Also during the opening session, 117 listed securities have been traded in; 23 fell, 67 advanced; while 27 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers bolstering EGX’s opening gains as they acquired 82.5% of the total market, with a net equity of EGP 6.547 million, excluding the deals.

Meanwhile, Arabs and the non-Arab foreigners were net sellers as they seized 13.09% and 4.41% respectively of the total markets, with a net equity of EGP 6.522 million and EGP 25.116 thousand respectively, excluding the deals.

Mohamed Mahmoud Anniversary; Clashes Erupted

A ministry of health official has said that 17 people were injured nationwide on Tuesday, as various demonstrations took place to commemorate the anniversary of violent clashes in 2011.

The injuries are mostly bruises and breathing difficulties, the official said.

Several thousand protesters opposed to both the military and the Muslim Brotherhood gathered on Tuesday in Cairo’s Tahrir Square for the second anniversary of the Mohamed Mahmoud Street clashes, which pitted anti-military protesters against security forces in November 2011. The clashes lasted for six days and left 47 dead and at least 3,000 injured.