Egyptian stocks end week 0.15% up ahead of June 30 protest anniversary

Egypt’s stock market traded higher on Wednesday on local and Arab investors’ buying appetite. Main index, EGX30 picked up 0.15 percent, to 6942.52 points.

The Egyptian bourse will suspend trading on Thursday, which coincides with the third anniversary of June 30 mass protests against Muslim Brotherhood-led then-president Mohamed Morsi, would be a public holiday.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index surged 1.20 percent, to 1259.93 points; while EGX20 dipped 0.06 percent, to 6977.39 points.

Mid- and small-cap index EGX70 went up 1.67 percent, to 351.03 points. Price index, EGX100 increased 1.36 percent, to 743.67 points.

Market Caps

Market capitalisation posted gains worth 3.7 billion Egyptian pounds ($416.5 million), to record 382.553 billion pounds during the closing session of Wednesday.

Turnovers

The bourse’s trading volume reached 137.557 million securities, with turnovers, closing at 402.274 million pounds, exchanged through 15,472 transactions.

Also during the closing session, 163 listed securities have been traded in, 49 declined, 62 advanced; while 49 kept their previous levels.

Investors’ Activities

Local and Arab investors remained net buyers controlling 73.23 and 8.81 percent respectively of the total markets, with a net equity of 18.971 million pounds and 5.563 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign were net sellers capturing 17.96 percent of the total market, with a net equity of 24.534 million pounds, excluding the deals.