Egypt Shares Start 2014’s 1st Session Higher, Gain EGP2 bln at Close

Egyptian stocks have started the first session of 2014 higher closing higher on Thursday with gains totaled EGP 2 billion backed by Arab buying appetite. The benchmark index ended the week above 6810 points.

Egyptian Exchange (EGX) has halted trading activities on Wednesday on the occasion of the New Year.

The EGX indices were wavering in green notes on Thursday afternoon.

Egypt’s benchmark index EGX30 ended 0.42 per cent higher to 6811.3 pts, and EGX20 also finished 0.39 per cent up to 7930.51 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.19% to close at 548.63 pts. The price index EGX100 surged by 1 per cent to conclude at 932.35 pts.  
The capital market has closed at EGP 428.859 billion on Thursday afternoon.

Through the closing session of Thursday, the trading volume has reached 186.151 million securities. For the traded value, it hit EGP 359.040 million, exchanged through 22.245 thousand transactions.           

Also during the closing session, 179 listed securities have been traded in; 25 declined, 137 advanced; while 17 keeping their previous levels.

Investors’ Activities

Arabs were net buyers seizing 7.21% of the total market, with a net equity of EGP 11.038 million, excluding the deals.

On the contrary, Egyptians and the non-Arab foreigners were net sellers acquiring 89.9% and 2.89% respectively of the total markets, with a net equity of EGP 4.147 million and 6.891 million respectively, excluding the deals.