Egyptian Exchange Gains EGP 3 Bln, Main Index 0.47% Up: June

The Egyptian Exchange (EGX) had posted gains of  EGP 3 billion during June trading as the capital market has reached EGP 339.768 billion.

The main index, EGX30 climbed by June 0.47% to end at the level of 4709 p. For the mid- and small-cap index, the EGX70 inched higher 3. 28% to close at 422 p; while, the price index EGX100 witnessed a dip of 0.38% to conclude at the level of 730 p by June.

June’s traded volume reached 1.710 million securities worth EGP 11.8 billion, exchanged through 304 thousand transactions. Noting that, May’s traded volume had reached 1.873 million securities worth EGP 33.1 billion, exchanged through 399 thousand transactions.

Elsewhere, NILEX’s traded volume for June has amounted to 1.8 million securities worth EGP 6.8 billion, exchanged through 1.231 transactions. For OTC trading, the shares had seized 48.1% out of the total traded value; while traded value of the bonds represented 51.9% in June.

Investors Activities:

Local investors led the market activity all through July, seizing 81.35% of the total market; while non-Arab foreigners and Arabs seized 13.19% and 5.46%, respectively of the total market, excluding the deals.

Excluding the deals, the non-Arab foreigners were net sellers in June, with a net equity of  EGP 698.69 million; while Arabs were net buyers, with a net equity of EGP 318.67 million.

Institutions had seized in June 72.00% of the EGX trading; while individuals had 28.00%.

Institutions were net sellers, with a net equity of EGP 305.31 million in June, after excluding the deals.