Egypt stocks end week 0.6% higher

In Cairo, stocks surged Thursday on foreign investors bought back shares on dips.

The main index, EGX30 grew 0.57 percent, to 7463.1 points.

EGX50 EWI index hiked 0.99 percent, to 1439.74 points; EGX20 also rose 0.86 percent, to 7856.98 points.

Mid- and small-cap index EGX70 went up 1.68 percent, to 374.75 points. Price index, EGX100 also increased 1.15 percent to 794.94 points.

Market Caps

Market capitalisation has recorded gains worth 2.4 billion Egyptian pounds (around $270.4 million), reaching 406.542 billion pounds during the closing session of Thursday.

Turnovers climbed

On Thursday, the bourse’s trading volume hit 295.806 million securities, with turnovers closed at 1.388 billion pounds, exchanged through 24,870 transactions.

Also during the closing session, 179 listed securities have been traded in 40 declined, 97 advanced; while 37 kept their previous levels.

Investors’ Activities

Non-Arab investors were net buyers capturing 6.73 percent of the total market, with a net equity of 76.470 million pounds, excluding the deals.

On the contrary, local Arab investors were net sellers controlling 84.55 and 8.71 percent respectively of the total markets, with a net equity of 68.543 million pounds and 7.926 million pounds, respectively, excluding the deals.