Egyptian Indices gain EGP1 billion on Local, Arab Buyers

Egypt’s stock market shares gained 1.046 billion Egyptian pounds (US$143.3 million) on Wednesday amid local and Arab investors’ buying appetite.

Hence, the country’s main stock index, EGX30 inched up to cross 9855 points.

The rest of the Egyptian Exchange’s indices were also wavering mostly in green notes during the closing session of Wednesday.

Indices:

The main stock index, EGX30 edged up by 0.53 per cent to 9856.3 points. EGX20 rose by 0.63 per cent to 11002.45 points.

Meanwhile, the mid- and small-cap index EGX70 advanced by 0.13% to 571.3 points. Yet, the price index, EGX100 slumped by 0.14% to 1146.49 points.

Turnovers near EGP1 billion and Half
Through the closing session of Wednesday, the trading volume has reached 216.982 million securities, with turnovers worth EGP 1.492 billion, exchanged through 29.120 thousand transactions.                      
Also during the closing session, 188 listed securities have been traded in; 88 declined, 62 advanced; while 33 kept their previous levels.
Furthermore, the market capitalization recorded EGP 519.884 billion on Wednesday.

Investors’ Activities

Local and Arab investors were net buyers capturing on Wednesday 82.37% and 5.6% respectively of the total markets, with a net equity of EGP 133.501 million and EGP 50.188 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 12.03% of the total market, with a net equity of EGP 183.690 million, excluding the deals.