Egypt Stocks end this Week Mixed with EGP2 billion Gains

Egypt’s stock market gained on Thursday 2.1 billion Egyptian pounds (US$272.7 million) backed by local and non-Arab investors’ buying appetite. However, the country’s main stock index, EGX30 retreated to end this week below 9750 points.

The rest of the Egyptian Exchange’s indices were also wavering in mixed notes during the closing session of Thursday.

Indices:

The main stock index, EGX30 went down by 0.24 per cent to 9747.36 points. EGX20 fell by 0.50 per cent to 10792.46 points.

Meanwhile, the mid- and small-cap index EGX70 rose by 0.21% to 596.25 points. The price index, EGX100 increased by 0.09% to 1169.77 points.

Turnovers still below EGP1 billion
Throughout the closing session of Thursday, the trading volume has reached 114.121 million securities, with turnovers climbed to EGP 540.759 million, exchanged through 20.557 thousand transactions.                       
Also during the closing session, 174 listed securities have been traded in; 81 declined, 63 advanced; while 30 kept their previous levels.
Furthermore, the market capitalization recorded EGP 530.379 billion on Thursday.

Investors’ Activities

Local and non-Arab foreign investors were net buyers on Thursday capturing 71.23% and 21.6% respectively of the total markets, with a net equity of EGP 24.872 million and EGP 3.841 million, respectively, excluding the deals.

On the other hand, Arab investors were net sellers seizing 7.17% of the total market, with a net equity of EGP 28.714 million, excluding the deals.