Following the start of trading on the exchange-traded funds for the first time in Egypt, the country’s stocks climbed to gain 6 billion Egyptian pounds (US$839.1 million) on Wednesday.
The country’s main stock index, EGX30 ended higher crossing 9540 points.
The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Wednesday, except for the mid- and small-cap index EGX70 which solely fell.
The main stock index, EGX30 jumped by 2.53 per cent to 9544.08 points. EGX20 also edged up by 2.10 per cent to 10583.5 points.
Meanwhile, the mid- and small-cap index EGX70 slumped by 0.35% to 581.51 points. Yet, the price index, EGX100 grew by 1.13% to 1156.79 points.
Through the closing session of Wednesday, the trading volume has reached 196.434 million securities, with turnovers worth EGP 1.070 billion, exchanged through 40.879 thousand transactions.
Also during the closing session, 185 listed securities have been traded in; 64 declined, 88 advanced; while 28 kept their previous levels.
Furthermore, the market capitalization recorded EGP 515.139 billion on Wednesday.
Local and non-Arab foreign investors were net buyers on Wednesday acquiring 82.98% and 11.99% respectively of the total markets, with a net equity of EGP 31.651 million and EGP 3.749 million, respectively, excluding the deals.
On the other hand, Arab investors were net sellers seizing 5.03% of the total market, with a net equity of EGP 35.400 million, excluding the deals.