Egypt Stocks Surge, End this Week with $700 million

Big 5

Egypt’s stocks ended the first week of 2015 higher with gains totalling 5 billion Egyptian pounds (around US$700 million) triggered by Arab investors’ buying appetite.

The country’s main stock index, EGX30 surged by 1.68 percent to 8946.34 points on Thursday. Meanwhile, the mid- and small-cap index, EGX70 and price index, EGX100 both closed in strong positive note, up 1.55 per cent and 1.51 percent, to close at 572.02 and 1111.65 points, respectively.

Through the closing session of Thursday, the trading volume has reached 110.385 million securities, with turnovers worth EGP 1.100 billion, exchanged through 18.926 thousand transactions.                   
Also during the closing session, 180 listed securities have been traded in; 25 declined, 123 advanced; while 26 kept their previous levels.
Furthermore, the market capitalization recorded EGP 498.708 billion on Thursday.

Investors’ Activities

Arab investors were net buyers on Thursday capturing 3.23% of the total market, with a net equity of EGP 22.887 million, excluding the deals.

On the other hand, local and non-Arab foreign investors were net sellers seizing 79.8% and 16.97% respectively of the total markets, with a net equity of EGP 18.741 million and EGP 4.146 million, respectively, excluding the deals.