Egypt’s Benchmark Rebounds, Hits 5389 pts at Closing

Egypt’s stocks rebounded during the closing session of Wednesday posting gains of around EGP 2 billion backed by local and Arab buyers.

The main gauge slightly rebounds to close at 5389 pts.

Egypt’s benchmark index EGX30 rose by 0.05% to close at 5389.63 pts; while the EGX20 increased by 0.05% to end at 6268.83 p. 
Meanwhile, the mid- and small-cap index, the EGX70 pushed up by 1.41% to conclude at 440.87 p. The price index EGX100 surged by 1.39% to finish at 749.39 p.

The capital market has closed at EGP 356.413 billion on Wednesday.

Higher Traded Volumes & Trades
Through the closing session of Wednesday, the trading volume has reached 72.858 million securities. For the traded value, it hit EGP 229.538 million, exchanged through 14.345 thousand transactions.  

Also during the closing session, 159 listed securities have been traded in; 49 declined, 75 advanced; while 35 keeping their previous levels.

Investors’ Activity
Egyptians and Arabs’ buying transactions backed EGX’s closing gains as they were net buyers seizing 75.81% and 7% respectively, of the total market, with net equities of EGP 22.220 million and EGP 22.539 million, excluding the deals.

Meanwhile, the non-Arab foreigners remained net sellers seizing 17.19% of the total market, with a net equity of EGP 44.759 million, excluding the deals.