Egyptian Exchange Gains EGP 1.3 Bln, EFG-Hermes Tops EGX’s Early Upwards

By Yomna Yasser On May 30, 2012

Whilst Wednesday’s early trading, the EGX posted gains of EGP 1.346 billion as the capital market has reached EGP 338.430 billion at 9:05 GMT (11:05 local time).

The main index, EGX30 climbed 0.73% to hit 4718.22 p. EGX20 jumped 1.07% to hit 5397.62 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.33% to hit 410.92 p. Price index EGX100 went up 0.38% to reach 738.1 p.

Traded volume reached 7.395 million securities worth EGP 24.753 million, exchanged through 1.098 thousand transactions.

This was after trading in 62 listed securities; 9 declined and 47 advanced while 6 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 62.23% and 11.78% respectively, of the total markets, with a net equity of EGP 1.821 million and EGP 4.317 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 25.99% of the total markets, with a net equity of EGP 6.138 million excluding the deals.

EGX’s leading shares witnessed collective rise led by EFG-Hermes Holding (HRHO.CA) which jumped 2.26% reaching EGP 10.84. Orascom Telecom Holding (OTH) (ORTE.CA) climbed 1.60% hitting EGP 3.17. Orascom Telecom Media & Technology Holding (OTMT.CA) also edged higher 1.53% reaching EGP 1.33. Commercial International Bank- Egypt (COMI.CA) surged 1.28% hitting EGP 24.60. Orascom Construction Industries (OCIC.CA) went up 0.13% reaching EGP 265.00.