Egypt Shares Open higher on Wednesday, Gain EGP242 Million

Egyptian stocks started trading higher on Wednesday with gains amounting to EGP 242 million as foreign buying appetite went on.

Accordingly, the country’s main capital crossed EGP451.127billion.

The Egyptian Exchange indices were wavering in green notes during opening trading session of Wednesday.

The Benchmark EGX30 hiked by 0.29% to 7308.67 p; EGX20 also surged by 0.26% to 8717.93 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.096% to 601.37 p.  Price index EGX100 increased by 0.85% to 1017.1 p.

Trading Volumes & Values

The trading volume has recorded 9.869million securities worth EGP24.032 million, exchanged through 1.2 thousand transactions during Wednesday opening.

Also during the opening session, 93 listed securities have been traded in; 11 fell, 54advanced; while 31 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net sellers seizing 3.3% and 2.56% respectively of the total markets, with a net equity of EGP390 thousand and EGP2.128 million respectively, excluding the deals.

On the contrary, Egyptians were net buyers 94.14% of the total market, with a net equity of EGP2.518 million, excluding the deals.