Egypt Stocks End Week with EGP4bn Gains, EGX30 Crosses 9110

Egypt’s stocks ended this week higher with gains totalling 4 billion Egyptian pounds powered by foreign investors’ strong buying appetite. In return, the country’s main stock index, EGX30 also surged to close this week above 9110 points.

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

Indices

Egypt’s benchmark index EGX30 ended 1.83 per cent higher to 9115.63 pts; and EGX20 closed 1.96 per cent up to 10510.85 pts.

In addition, the mid- and small-cap index, the EGX70 hiked by 0.96 per cent to finish at 609.9 pts. The price index EGX100 climbed by 1.40 per cent to conclude at 1109.94 pts.  
Furthermore, the market capitalization recorded EGP 504.234 billion on Thursday.

Turnovers Cross EGP One billion
Through the closing session of Thursday, the trading volume has reached 333.586 million securities, with turnovers worth EGP 1.177 billion, exchanged through 38.201 transactions.               
Also during the closing session, 181 listed securities have been traded in; 55 declined, 109 advanced; while 14 kept their previous levels.

Investors’ Activities

Arab and the non-Arab foreign were net buyers on Thursday capturing 7.38% and 14.48% respectively of the total markets, with a net equity of EGP 7.894 million and EGP 150.658 million, respectively, excluding the deals.

On the other hand, local investors remained net sellers seizing 78.14% of the total market, with a net equity of EGP 158.553 million, excluding the deals.