Egypt Stocks Gain EGP210 mln at Midday

Egypt’s stock market went higher during the midday session of Thursday posting gains of EGP 210 million backed by local and Arab buyers. However, the benchmark inched further below 5345 pts.

The Egyptian Exchange’s indices were trading in mixed notes on Thursday noon.

Benchmark EGX30 dipped by 0.04% to 5343.19 p; while EGX20 edged down by 0.31% to 6198.67 p.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.25% to 424.58 p.  Price index EGX100 surged 0.12% to 731.81 p.

The capital market has reached EGP 356.382 billion during the midday session of Thursday, according to data compiled by Amwal Al Ghad English at 12:28 p.m. Cairo time (10: 28 GMT).

Trading Volumes & Values

The trading volume has recorded 32.266 million securities worth EGP 134.667 million, exchanged through 6409 thousand transactions during Thursday midday.

Also during the midday session, 124 listed securities have been traded in; 56 declined, 36 advanced; while 32 steadied.

Investors’ Activities

Local and Arab buying transactions have backed EGX’s midday gains as they were net buyers seizing 65.61% and 6.98% respectively, of the total markets, with a net equity of EGP 24.963 million and EGP 7.889 million, excluding the deals.

Meanwhile,  the non-Arab foreigners were net buyers seizing during midday 27.4% of the total markets, with a net equity of EGP 32.852 million excluding the deals.