Egypt Stocks end this Week Mostly Higher, Market Cap down

Egypt stocks closed this week mostly higher, yet the market capitalisation incurred losses worth 2.8 billion Egyptian pounds (US$367 million) on non-Arab foreign investors’ sell-offs.

The market capitalization recorded EGP 520.355 billion on Thursday.

Indices:

The benchmark index, EGX30 edged up by 0.36 percent to close at 9518.28 points. EGX20 hiked by 0.41 percent to 10280.46 points.

In addition, the mid- and small-cap index EGX70 fell by 0.22 percent to 540.79 points. The price index, EGX100 increased by 0.03 percent to 1098.93 points.

Turnovers still below EGP1 billion
On Thursday, the trading volume has reached 133.378 million securities, with turnovers closed at EGP 674.947 million, exchanged through 21.401 thousand transactions.

Also during the closing session, 178 listed securities have been traded in; 71 declined, 71 advanced; while 35 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors remained net sellers on Thursday seizing 42.85% of the total market, with a net equity of EGP 46.324 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 51.75% and 5.4% respectively of the total markets, with a net equity of EGP 35.537 million and EGP 10.787 million, respectively, excluding the deals.