Egypt Stocks End This Week with EGP11bn Gains, EGX30 Bounces back

Egypt’s indices ended this week higher with gains totalling 11.2 billion Egyptian pounds (US$1.56 billion) triggered by the return of non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 rebounded on Thursday approaching the level of 8400 points.

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

Indices

Egypt’s benchmark index EGX30 ended 3.39 per cent higher to 8399.89 pts; while EGX20 closed 3.87 per cent up to 9417.79 pts.

In addition, the mid- and small-cap index, the EGX70 inched up by 2.01 per cent to finish at 542.51 pts. The price index EGX100 surged by 2.30 per cent to conclude at 1030.54 pts.

Furthermore, the market capitalization recorded EGP 476.016 billion on Thursday.

Turnovers below EGP one billion
Through the closing session of Thursday, the trading volume has reached 172.890 million securities, with turnovers worth EGP 890.639 million, exchanged through 28.426 thousand transactions.                 
Also during the closing session, 187 listed securities have been traded in; 12 declined, 156 advanced; while 15 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Thursday capturing 17.33% of the total market, with a net equity of EGP 42.358 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 75.04% and 7.63% respectively of the total markets, with a net equity of EGP 27.797 million and EGP 14.561 million, respectively, excluding the deals.