Egypt stocks slightly up, EGX30 falls

Egypt’s stock market slightly went higher Wednesday powered by local and Arab investors’ buying appetite.

Main index, EGX30 fell 0.05 percent, to 8257.21 points.

Other indices; EGX50 EWI index grew 0.67 percent, to 1280.63 points; EGX20 added 0.33 percent, to 8122.7 points.

Mid- and small-cap index EGX70 rose 0.32 percent, to 334.38 points. Price index, EGX100 dropped 0.12 percent, to 792.28 points.

Market Cap

Market capitalisation gained 372 million billion Egyptian pounds ($41.8 million), to record 406.441 billion pounds during the closing session of Wednesday.

Turnovers jump

The bourse’s trading volume reached 195.621 million securities, with turnovers, closing at 3.199 billion pounds, exchanged through 16,949 transactions.

Also during the closing session, 174 listed securities have been traded in, 41 declined, 76 advanced; while 44 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers controlling 94.67 and 2.58 percent respectively of the total markets, with a net equity of 42.796 million pounds and 906,122 pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign investors were net sellers capturing 2.75 percent of the total market, with a net equity of 43.703 million pounds, excluding the deals.