Egypt stocks rebound on foreign buying
Stock market rebound Wednesday posting gains worth 4.15 billion Egyptian pounds (US$530 million) on foreign buying appetite.
The market resumed trading Wednesday after a one-day holiday on Tuesday commemorating the 42nd anniversary of Sixth of October victory.
The market capitalisation has recorded 447.269 billion pounds during the closing session of Wednesday.
Indices
Egypt’s benchmark index, EGX30 climbed 1.59 percent to 7354.56 points.
The newly-launched EGX50 EWI index surged 1.52 percent to 1214.84 points.
EGX20 also grew 1.52 percent to 6942.1 points.
In addition, the mid- and small-cap index EGX70 edged up 1.76 percent to 391.61 points. The price index, EGX100 rose 1.13 percent to 842.17 points.
Humble Turnovers
On Wednesday, the bourse’s trading volume has hit 143.183 million securities, with turnovers closed at 464.088 million pounds, exchanged through 14,497 thousand transactions.
Also during the closing session, 161 listed securities have been traded in; 23 declined, 104 advanced; while 31 kept their previous levels.
Investors’ Activities
The non-Arab foreign and Arab investors were net buyers Wednesday capturing seizing 27.59 percent and 5.46 percent respectively of the total markets, with a net equity of 28.824 million pounds and 1.446 million pounds, respectively, excluding the deals.
On the contrary, local investors were net sellers seizing 66.96 percent of the total market, with a net equity of 30.271 million pounds, excluding the deals.
