Egypt Stocks Rebound at Close, EGX30 Nears 9050

Egypt’s bourse back to the green notes, ending Wednesday’s sessions higher with gains worth 615 million Egyptian pounds amid non-Arab foreign buying appetite. Accordingly, the country’s main stock index, EGX30, closed near 9050 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.41 per cent higher to 9047.61 pts; while EGX20 finished 0.51 per cent up to 10859.41 pts.     
In addition, the mid- and small-cap index, the EGX70 grew by 0.17 per cent to finish at 629.3 pts. The price index EGX100 rose by 0.43 per cent to conclude at 1119.99 pts.  
Furthermore, the market capitalization recorded EGP 506.817 billion on Wednesday.

Turnovers Exceed EGP One billion
Through the closing session of Wednesday, the trading volume has reached 214.540 million securities, with turnovers worth EGP 1.056 billion, exchanged through 30.623 transactions.               
Also during the closing session, 189 listed securities have been traded in; 80 declined, 72 advanced; while 30 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Wednesday capturing 7.9% of the total market, with a net equity of EGP 40.505 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 88.98% and 3.12% respectively of the total markets, with a net equity of EGP 38.904 million and EGP 1.600 million respectively, excluding the deals.