Egypt Stocks Extend Gains to 3rd day, Benchmark Nears 4690 Pts

Egypt’s stock market has posted gains of around EGP 2 billion backed by the local and Arab buyers during the midday session of Thursday.

The Egyptian Exchange’s indices were flourishing in green notes area by Thursday noon.

Benchmark EGX30 inched up by 0.98% to 4686.74 p; while EGX20 rose by 0.95% to 5157.12 p.

On the other hand, the mid- and small-cap index, the EGX70 surged by 0.63% to 358.47 p.  Price index EGX100 edged higher by 0.84% to 639.91 p.

The capital market has reached EGP 319.414 billion during the midday session of Thursday, according to data compiled by Amwal Al Ghad English at 13:18 p.m. Cairo time (11:18 GMT).

Trading Volumes & Values

The trading volume has recorded 36.199 million securities worth EGP 112.087 million, exchanged through 6.911 thousand transactions during Thursday midday.

Also during the midday session, 131 listed securities have been traded in; 21 declined, 87 advanced; while 23 steadied.

Investors’ Activities

Egyptians and Arabs’ buying transactions powered EGX’s midday gains as they were net buyers seizing 63.34% and 7.95% respectively, of the total markets, with a net equity of EGP 3.926 million and EGP 6.208 million, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 28.71% of the total markets, with a net equity of EGP 10.134 million excluding the deals.