Egypt stocks end week in green notes with gains of $186mn

Egyptian stock market concluded week with gains estimated at 1.654 billion Egyptian pounds (US$ 186 million) backed by Arab and foreign buying appetite.

The market capitalisation hit 403.327 billion pounds during the closing session of  Thursday.


Egypt’s benchmark index, EGX30 increased by 0.25 percent to 7478.74 points.

The EGX50 EWI index edged up 0.19 percent to 1403.5 points.

EGX20 decreased by 0.26 percent to 7930.05 points.

In addition, the mid- and small-cap index EGX70 dropped by 0.14 percent to 360.63 points. The price index, EGX100 hiked by 0.43 percent to 776.87 points.

Turnovers down

On Thursday, the bourse’s trading volume has recorded 241.718 million securities, with turnovers closed at 856.481 million pounds, exchanged through 24,295 thousand transactions.

Also during the closing session, 173 listed securities have been traded in; 67 declined, 70 advanced; while 31 kept their previous levels.

Investors’ Activities

Arab and foreign investors were net buyers on Thursday getting 5.59 % and 7.6 % respectively of the total markets, with a net equity of 8.337 million pounds and 2.807 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers capturing 86.82 % of the total market, with a net equity of 11.145 million pounds, excluding the deals.