Egypt’s stock market shares opened higher on Wednesday posting early gains of 1.9 billion Egyptian pounds backed by local investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 started trading in green to exceed 8570 points.
The Benchmark EGX30 went up by 0.66% to 8572.12 p. In addition, EGX20 surged by 1.21% to 9683.96 p.
The mid- and small-cap index, the EGX70 grew by 0.77% to 558.8 p. Price index EGX100 rose by 0.61% to 1053.27 p.
Furthermore, market capitalization reached EGP 482.118 billion, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (09:01 GMT).
Trading Volumes & Values
The trading volume has reached 33.369 million securities worth EGP 104.782 million, exchanged through 4475 transactions during Wednesday opening.
Also during the opening session, 119 listed securities have been traded in; 33 fell, 61 advanced; while 25 keeping their previous levels.
Local investors were net buyers at early trade capturing 89.74% of the total market, with a net equity of EGP 22.299 million, excluding the deals.
On the other hand, Arab and non-Arab foreign investors remained net sellers seizing 1.48% and 8.78% respectively of the total markets, with a net equity of EGP 3.118 thousand and EGP 22.296 million, excluding the deals.