Egypt’s stocks turned early losses into gains to end this week higher, earning 1.2 billion Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 surged on Thursday above 9435 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Thursday.
Egypt’s benchmark index EGX30 ended 0.65 per cent higher to 9435.05 pts; while EGX20 finished 0.49 per cent up to 11324.77 pts.
In addition, the mid- and small-cap index, the EGX70 went up by 0.24 per cent to finish at 628.72 pts. The price index EGX100 rose by 0.34 per cent to conclude at 1168.85 pts.
Furthermore, the market capitalization recorded EGP 524.258 billion on Thursday.
Turnovers below EGP One billion
Through the closing session of Thursday, the trading volume has reached 139.294 million securities, with turnovers worth EGP 689.601 million, exchanged through 25.036 transactions.
Also during the closing session, 180 listed securities have been traded in; 66 declined, 77 advanced; while 36 kept their previous levels.
Local and the non-Arab foreign investors were net buyers on Thursday acquiring 80.47% and 13.25% respectively of the total markets, with a net equity of EGP 7.039 million and EGP 6.651 million respectively, excluding the deals
On the other hand, Arab investors were net sellers seizing 6.28% of the total market, with a net equity of EGP 13.690 million, excluding the deals.