Egyptian Shares End Week Higher, Shrug off Concerns over Morsi’s Trial

Shrugging off concerns over possible tensions during the trial of deposed president Mohamed Morsi scheduled for November 4, Egyptian shares ended this week higher. The Egyptian bourse had posted gains totaled EGP 1.5 billion propelled by foreign net buyers during the closing session of Thursday. The benchmark index closed at 6181 points.

The Egyptian Exchange indices were wavering on green notes on Thursday afternoon, except for the EGX20 index.

Egypt’s benchmark index EGX30 ended 0.13 per cent higher to 6181.86 pts, and the EGX20 also finished 0.32 per cent up to 7239.66 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.05 per cent to conclude at 516.58 pts. The price index EGX100 advanced by 0.17 per cent to close at 867.41 pts. 
The capital market has closed at EGP 402.337 billion on Thursday.

Through the closing session of Thursday, the trading volume has 140.730 million securities. For the traded value, it hit EGP 458.984 million, exchanged through 26.163 thousand transactions.    

Also during the closing session, 186 listed securities have been traded in; 101 declined, 64 advanced; while 21 keeping their previous levels.

Investors’ Activity
The non-Arab foreigners and Arabs remained net buyers acquiring 13.26% and 7.56% respectively, of the total market, with net equities of EGP 36.883 million and EGP 13.090 million, excluding the deals.

On the other hand, Egyptians were net sellers seizing 79.18% of the total market, with a net equity of EGP 49.974 million, excluding the deals.