Egypt Stocks end bullish, indices in green

Egypt’s stocks concluded  higher on Wednesday with gains worth 2.3 billion Egyptian pounds (US$29 billion).

The market capitalisation has recorded 447.068 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 increased by  1.27 percent to 7266.42 points.

The newly-launched EGX50 EWI index rose by 1 percent to 1211.48 points.

EGX20 climbed by 1.48 percent to 6937.98 points.

In addition, the mid- and small-cap index EGX70 boosted by 0.86 percent to 391.58 points. The price index, EGX100 jumped by 1.20 percent to 843.83 points.

Turnovers low

On Wednesday, the bourse’s trading volume has hit 161.756 million securities, with turnovers closed at EGP 997.332 million, exchanged through 17,328 thousand transactions.

Also during the closing session, 168 listed securities have been traded in; 29 declined, 92 advanced; while 41 kept their previous levels.

Arab and non-Arab foreign  investors were net buyers on Wednesday getting 2.71% and 7.7% respectively of the total markets, with a net equity of EGP 23.732 million and EGP 2.966 million, respectively, excluding the deals.

On the contrary, the Egyptian investors were net sellers seizing 89.59 % of the total market, with a net equity of EGP 26.699 million, excluding the deals.