Egypt’s stocks ended this week higher with gains totalling 3.4 billion Egyptian pounds powered by foreign investors’ buying appetite. In return, the main stock index, EGX30 climbed 1.2% exceeding 8725 points on Thursday.
Meanwhile, the EGX indices were wavering in green notes during the closing session of Thursday.
Egypt’s benchmark index EGX30 ended 1.17 per cent higher to 8727.54 pts; while EGX20 finished 1.16 per cent up to 10489.14 pts.
In addition, the mid- and small-cap index, the EGX70 hiked by 0.40 per cent to end at 623.66 pts. The price index EGX100 increased by 0.54 per cent to conclude at 1089.72 pts.
Furthermore, the market capitalization recorded EGP 497.892 billion on Thursday.
Turnovers Exceed EGP1 Billion
Through the closing session of Thursday, the trading volume has reached 274.217 million securities, with turnovers worth EGP 1.033 billion, exchanged through 33.000 thousand transactions.
Also during the closing session, 176 listed securities have been traded in; 44 declined, 101 advanced; while 31 keeping their previous levels.
Arab and the non-Arab foreign investors were net buyers on Thursday capturing 5.09% and 5.88% respectively of the total markets, with a net equity of EGP 24.362 million and EGP 38.499 million respectively, excluding the deals.
On the other hand, Egyptian investors were net sellers seizing 89.03% of the total market, with a net equity of EGP 62.861 million, excluding the deals.