Egypt’s Benchmark hits 10045 points

Egypt’s stock market shares gained on Wednesday 2.4 billion Egyptian pounds (US$314.7 million). The country’s main stock index, EGX30 has exceeded 10040 points powered by local investors’ strong buying appetite.

The rest of the Egyptian Exchange’s indices were also wavering in green notes during the closing session of Wednesday.

Indices:

The main stock index, EGX30 hiked by 0.92 per cent to 10045.93 points. EGX20 inched up by 0.70 per cent to 11152.84 points.

Meanwhile, the mid- and small-cap index EGX70 climbed by 1.21% to 596.78 points. The price index, EGX100 also edged up by 1.55% to 1180.96 points.

Turnovers below EGP1 billion
Throughout the closing session of Wednesday, the trading volume has reached 160.622 million securities, with turnovers climbed to EGP 907.996 million, exchanged through 26.380 thousand transactions.                       
Also during the closing session, 183 listed securities have been traded in; 59 declined, 84 advanced; while 37 kept their previous levels.
Furthermore, the market capitalization recorded EGP 540.707 billion on Wednesday.

Investors’ Activities

The local investors were net buyers capturing on Wednesday 80.35% of the total market, with a net equity of EGP 18.957 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 11.05% and 8.6% respectively of the total markets, with a net equity of EGP 3.189 million and EGP 15.767 million, respectively, excluding the deals.