Egypt stocks bounce, end week 1.43% higher

Egypt’s stock market rebounded Thursday as investors bought into recent dips. Main index, EGX30 surged 1.43 percent, to 8277.21 points.

Other indices; EGX50 EWI index climbed 1.81 percent, to 1271.22 points; EGX20 soared 2.36 percent, to 8146.77 points.

Mid- and small-cap index EGX70 edged up 0.57 percent, to 335.44 points. Price index, EGX100 grew 1.01 percent, to 791.6 points.

Market Cap

Market capitalisation gained 4.8 billion Egyptian pounds ($506.7 million), to record 408.664 billion pounds during the closing session of Thursday.

Turnovers

The bourse’s trading volume reached 184.052 million securities, with turnovers, closing at 716.535 million pounds, exchanged through 17,917 transactions.

Also during the closing session, 167 listed securities have been traded in, 28 declined, 99 advanced; while 37 kept their previous levels.

Investors’ Activities

Local investors and Arab investors were net buyers controlling 70.8 and 6.76 percent respectively of the total markets, with a net equity of 25.953 million pounds and 41.167 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign remained net sellers capturing 22.44 percent of the total market, with a net equity of 67.121 million pounds, excluding the deals.