Egypt’s Benchmark Climbs to 5436 Pts; Opening

The Egyptian Exchange (EGX) has posted gains of EGP 1.3 billion during the opening session of Wednesday backed by foreign buyers.

Egypt bourse’s indices were wavering in green notes Wednesday morning.

Benchmark EGX30 inched higher by 0.66% to 5436.54 p; while EGX20 climbed by 1.03% to 6236.03 p.

Meanwhile, the mid- and small-cap index, the EGX70 also rose by 0.09% to 452.04 p.  Price index EGX100 advanced by 0.20% to 761.39 p.

The capital market has amounted to EGP 365.201 billion, according to data compiled by Amwal Al Ghad English at 11:21 a.m. Cairo time (09:21 GMT) during the opening session of Wednesday.

The trading volume has reached 16.362 million securities worth EGP 110.667 million, exchanged through 1.916 transactions during Tuesday’s opening.

Also during the opening session,  80 listed securities have been traded in; 9 declined, 44 advanced; while 27 steadied.

The non-Arab foreigners and Arabs’ have backed Egyptian bourse’s opening gains as they were net buyers seizing 15.68% and 27.84% respectively, of the total markets, with a net equity of EGP 19.459 million and EGP 49.937 million, excluding the deals.

Meanwhile, Egyptians were net sellers seizing 56.49% of the total markets, with a net equity of EGP 69.397 million excluding the deals.