Egypt Stock Market end Week with Humble Gains

Egypt’s stock market posted humble gains Thursday worth 458 million Egyptian pounds (US$60 million) on local and Arab investors’ buying appetite. Yet, the country’s indices closed the week mostly in red.

The market capitalization has recorded 501.642 billion pounds during the closing session of Thursday.

Indices:

Egypt’s benchmark index, EGX30 dropped by 0.16 percent to close at 8742.42 points. EGX20 decreased by 0.41 percent to 9171.95 points.

In addition, the mid- and small-cap index EGX70 fell by 0.54 percent to 469.19 points. The price index, EGX100 rose by 0.04 percent to 968.6 points.

Turnovers end humble
On Thursday, the bourse’s trading volume has recorded 111.275 million securities, with turnovers closed at EGP 452.213 million, exchanged through 17.132 thousand transactions.

Also during the closing session, 175 listed securities have been traded in; 98 declined, 40 advanced; while 35 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Thursday acquiring 68.29% and 8.28% respectively of the total markets, with a net equity of EGP 18.905 million and EGP 39.658 million, respectively, excluding the deals.

The non-Arab foreign investors were net sellers seizing 23.43% of the total market, with a net equity of EGP 58.564 million, excluding the deals.