In August, Egypt Stocks Gain EGP22.8bn, EGX Stabilizes above 9447p

Egypt’s stocks attained EGP22.8 billion gains within August’s transactions so the capital market closed at EGP523.880 billion compared to EGP501.058 billion in July.

Indices

The Benchmark EGX30 inched by 7.03% to 9.447p,

In addition, the mid- and small-cap index, the EGX70 went up by 5.13% to 660 p.  Price index EGX100 rose by 5.53% to 1.170 p.

Trading Volumes & Values

The trading volume has reached 4.020 million securities worth EGP 21.6 billion, exchanged through 617 thousand transactions within August in compared to 2.535 million securities worth EGP17.3 billion exchanged through 338 thousand transactions in July.

While Egyptian bourse (NILEX) registered 18.2 million securities worth EGP52.1 million exchange through 7.462 transactions in August.

The shares accounted for 77.41% of the total turnover inside the cabin.  While turnover accounted for about 22.59% bonds during August.

Investors’ Activities

Egyptian transactions acquiring 86.64% of the total market but non-Arab foreign investors seizing 8.86% whereas the Arab investors capturing 4.50%, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers seizing EGP 1.651.72 million in the earlier of 2014 and the Arab investors achieved EGP2.253.07 million net buyers during the same period, excluding the deals.

Bonds

Institutions acquired 43.45% from the bourse’s transactions and the remaining transaction shares were in favor of individuals with 56.55%, institutions recorded EGP489.94 net buyers in August, excluding the deals