Egypt Stocks end this Week Bullish

Egypt’s stock market closed Thursday with gains worth 3.4 billion Egyptian pounds (US$445.7 million) backed by local investors’ buying appetite. The country’s main stock index, EGX30 surged to end this week above 8730 points.

The market capitalization has hit 507.264 billion pounds during the closing session of Thursday.

Indices:

Egypt’s benchmark index, EGX30 climbed by 1.18 percent to close at 8731.29 points. EGX20 rose by 0.84 percent to 9261.86 points.

In addition, the mid- and small-cap index EGX70 hiked by 0.71 percent to 491.04 points. The price index, EGX100 rose by 0.29 percent to 989.22 points.

Turnovers humble again
On Thursday, the bourse’s trading volume has recorded 98.778 million securities, with turnovers closed at EGP 546.190 million, exchanged through 14.287 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 32 declined, 107 advanced; while 37 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Thursday capturing 73.83% of the total market, with a net equity of EGP 67.291 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 16.98% and 9.19% respectively of the total markets, with a net equity of EGP 19.501 million and EGP 47.790 million, respectively, excluding the deals.