Egyptian Stocks Gain EGP577mn on Wednesday, EGX30 Nears 9290

Egypt’s stocks rebounded to end in green on Wednesday with gains amounting to 577 million Egyptian pounds powered by non-Arab foreign investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 surged, hovering around 9290 points level.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Wednesday.

Indices

Egypt’s benchmark index EGX30 ended 0.15 per cent higher to 9288.24 pts; while EGX20 finished 0.09 per cent up to 11146.95 pts.     
In addition, the mid- and small-cap index, the EGX70 rose by 0.17 per cent to finish at 634.99 pts. The price index EGX100 inched up by 0.46 per cent to conclude at 1137 pts.  
Furthermore, the market capitalization recorded EGP 513.140 billion on Wednesday.

Turnovers Fall below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 235.009 million securities, with turnovers worth EGP 889.618 million, exchanged through 29.275 transactions.               
Also during the closing session, 180 listed securities have been traded in; 81 declined, 74 advanced; while 24 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Wednesday acquiring 9.24% of the total market, with a net equity of EGP 82.970 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 83.41% and 7.35% respectively of the total markets, with a net equity of EGP 65.044 million and EGP 17.926 million respectively, excluding the deals.