Stocks End Week Slightly Up with Wary Eyes on Egypt’s Ongoing Unrest

Egypt’s stock market has ended this week slightly higher posting gains of EGP 27 million. The benchmark has closed on Thursday above 5345 pts.

The Egyptian Exchange’s indices were wavering in green notes, except for the EGX20 which solely dipped.

Egypt’s benchmark index EGX30 rose by 0.03% to close at 5346.61 p; while the EGX20, it declined by 0.29% to end 6199.86 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.40% to conclude at 425.22 p.  The price index EGX100 increased by 0.23% to finish at 732.61 p.

The capital market has closed at EGP 356.199 billion on Thursday.

Foreign Selling Pressures

Foreign selling pressures have dragged EGX to pare its midday gains. The non-Arab foreigners were net sellers seizing 27.04% of the total markets, with a net equity of EGP 115.274 million excluding the deals.

Meanwhile,  Egyptians and Arabs were net buyers seizing 65.62% 7.34% respectively, of the total markets, with a net equity of EGP 92.911 million and EGP 22.362 million, excluding the deals.

Lower Traded Volumes & Trades

Through the closing session of Thursday, the trading volume has reached 64.220 million securities. For the traded value, it hit EGP 330.880 million, exchanged through 13.982 thousand transactions.

Also during the closing session, 161 listed securities have been traded in; 66 declined, 57 advanced; while 38 keeping their previous levels.