Egypt Stocks rally on Wednesday, gain EGP3.8 billion

Egypt’s stock market shares rallied on Wednesday to gain 3.8 billion Egyptian pounds (US$498 million) backed by foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 also surged above 9535 points.

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

Indices:

The EGX30 edged up by 1.10 percent to close at 9537.23 points. EGX20 climbed by 1.36 percent to 10521.46 points.

In addition, the mid- and small-cap index EGX70 grew by 1.36% to 577.65 points. The price index, EGX100 rose by 1.22% to 1146.25 points.

Turnovers above EGP1 billion
Throughout the closing session of Wednesday, the trading volume has reached 111.553 million securities, with turnovers climbed to EGP 1.074 billion, exchanged through 18.031 thousand transactions.                       
Also during the closing session, 176 listed securities have been traded in; 30 declined, 120 advanced; while 19 kept their previous levels.
Furthermore, the market capitalization recorded EGP 521.034 billion on Wednesday.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Wednesday capturing 11.85% and 2.53% respectively of the total markets, with a net equity of EGP 55.787 million and EGP 11.044 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 85.62% of the total market, with a net equity of EGP 66.832 million, excluding the deals.