Egypt’s stock advanced on Thursday, posting gains worth 2.1 billion Egyptian pounds (US$275 million) powered by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 also surged further above 8890 points.
The market capitalization has recorded 510.885 billion pounds during the closing session of Thursday.
Egypt’s benchmark index, EGX30 climbed by 1.18 percent to close at 8892.53 points. EGX20 hiked by 0.86 percent to 9498.5 points.
In addition, the mid- and small-cap index EGX70 went up by 0.25 percent to 496.4 points. The price index, EGX100 increased by 0.39 percent to 1011.97 points.
Turnovers turn Humble
On Thursday, the bourse’s trading volume has hit 93.579 million securities, with turnovers closed at EGP 364.279 million, exchanged through 14.553 thousand transactions.
Also during the closing session, 172 listed securities have been traded in; 66 declined, 71 advanced; while 34 kept their previous levels.
The non-Arab foreign investors were net buyers on Thursday capturing 21.63% of the total market, with a net equity of EGP 13.771 million, excluding the deals.
On the other hand, local and Arab investors were net sellers seizing 72.81% and 5.56% respectively of the total markets, with a net equity of EGP 6.915 million and EGP 6.856 million, respectively, excluding the deals.