Egyptian Stocks Gain EGp4bn at Midday, EGX30 Nears 9200

Egypt’s stocks gained 4.1 billion Egyptian pounds during midday trade on Wednesday triggered by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 surged to hover around the level of 9200 points.

Indices

The Benchmark EGX30 hiked by 0.94% to 9198.17 p; while EGX20 inched up by 1.37% to 10734.3 p.

In addition, the mid- and small-cap index, the EGX70 grew by 1.18% to 638.29 p. Also, the Price index EGX100 rose 0.88% to 1144.13 p.

Furthermore, market capitalization reached EGP 520.260 billion, according to data compiled by Amwal Al Ghad English at 13:16 p.m. Cairo time (11:16 GMT).

Trading Volumes & Values

The trading volume has recorded 71.471 million securities worth EGP 313.444 million, exchanged through 12.419 thousand transactions during Wednesday midday.

Also during the midday session, 170 listed securities have been traded in; 33 fell, 109 advanced; while 25 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers at midday trade capturing 14.81% of the total market, with a net equity of EGP 21.831 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 78.15% and 7.04 % respectively of the total markets, with a net equity of EGP 5.022 million and EGP 16.809 million, excluding the deals.