Egyptian Stocks End Higher on Wednesday, Turnovers Near EGP1.5 billon

Egypt’s stocks ended higher on Wednesday with gains totalling 1.9 billion Egyptian pounds with turnovers approaching one billion and half pounds backed by local and non-Arab foreign investors’ buying appetite. In addition, the country’s stock index, EGX30 closed in green above 9435 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Wednesday.

Indices

Egypt’s benchmark index EGX30 ended 0.45 per cent higher to 9437.49 pts; while EGX20 finished 0.77 per cent up to 11342.01 pts.     
In addition, the mid- and small-cap index, the EGX70 increased by 0.15 per cent to finish at 659.11 pts. The price index EGX100 rose by 0.41 per cent to conclude at 1177.35 pts.  
Furthermore, the market capitalization recorded EGP 521.713 billion on Wednesday.

Turnovers Near EGP One billion and Half
Through the closing session of Wednesday, the trading volume has reached 257.554 million securities, with turnovers worth EGP 1.496 billion, exchanged through 36.431 transactions.               
Also during the closing session, 182 listed securities have been traded in; 89 declined, 68 advanced; while 23 kept their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers on Wednesday acquiring 85.71% and 10.52% respectively of the total markets, with a net equity of EGP 15.600 million and EGP 40.948 million respectively, excluding the deals.

On the other hand, Arab investors were net sellers seizing 4.07% of the total market, with a net equity of EGP 56.549 million, excluding the deals.