Egypt Shares Opened Mixed on Thursday amid Cairo Bus Blast

Egyptian stocks have opened mostly higher on Thursday posting slight gains worth EGP 48 million as a huge explosion was heard earlier near a school complex in Nasr City, in which five bus passengers were injured. The benchmark index started trading slightly higher by 0.06 percent on Thursday.

Cairo’s Director of explosives department at the ministry of interior Alaa Abd El-Zaher stated that an unknown individual threw an explosive near a public bus in front of King Fahd School complex in Nasr City.

Abd El-Zaher added explosives experts found an undetonated bomb planted in a garden in front of the school complex.

The location of the explosion is near Al-Azhar university building, the headquarters of National Security as well as a police station.

The Egyptian Exchange’s indices were wavering in mixed notes during the opening session.

The Benchmark EGX30 rose by 0.06% to 6874.37 p; while EGX20 increased by 0.18% to 8012.11 p.

Additionally, the mid- and small-cap index, the EGX70 fell by 0.01% to 546.92 p.  Price index EGX100 remained with no change at 930.39 p.

The capital market has opened on Thursday at EGP 430.910 billion, according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT).

Trading Volumes & Values

The trading volume has recorded 14.503 million securities worth EGP 34.388 million, exchanged through 1664 transactions during Thursday opening.

Also during the opening session, 93 listed securities have been traded in; 37 fell, 23 advanced; while 33 keeping their previous levels.

Investors’ Activities

Egyptians and the non-Arab foreigners were net sellers seizing 91.28% and 0.67% respectively of the total markets, with a net equity of EGP 1.349 million and EGP 370.006 thousand respectively, excluding the deals.

On the contrary, Arabs were net buyers acquiring 8.05% of the total market, with a net equity of EGP 1.719 million, excluding the deals.