Egypt stocks keep gains flow on Wednesday

Egypt’s stock market keeps steady gains on Wednesday worth 4.699 billion Egyptian pounds ($525 million) backed by local and foreign buying appetites.

Market capitalisation has closed at 439.744 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 inched up 1.25 percent to 7228.68 points.

EGX50 EWI index grew 2.10 percent to 1339.64 points.

EGX20 increased 2.21 percent to 7370.91 points.

In addition, the mid- and small-cap index EGX70 sagged 0.08 percent to 361.14 points. Price index, EGX100 went up 0.48 percent to 769.255 points.

Turnovers

On Wednesday, the bourse’s trading volume hit 601.343 million securities, with turnovers closed at 1.423 billion pounds, exchanged through 37,404 transactions.

Also during the closing session, 175 listed securities have been traded in43 declined, 106 advanced; while 22 kept their previous levels.

Investors’ Activities

Local and Non-Arab investors were net buyers Wednesday capturing 82.99 and 10.06 percent respectively of the total markets, with a net equity of 20.492 million pounds and 10.466 million pounds, respectively, excluding the deals.

On the contrary, Arab foreign investors net sellers getting 6.95 percent of the total market, with a net equity of 30.959 million pounds, excluding the deals