Egypt’s Bourse Ends This Week Slightly Higher, EGX30 Still Sluggish

Egypt’s bourse ended this week with humble gains amounting to 125 million Egyptian pounds (US$17.5 million) backed by foreign investors’ buying appetite. However, the country’s main stock index, EGX30 concluded trading lower below 8780 points on Thursday.

The Egyptian Exchange’s indices were wavering in red notes during the closing session of Thursday.

Indices

Egypt’s benchmark index EGX30 ended 0.17 per cent lower to 8797.29 pts; and EGX20 finished 0.07 per cent down to 10102.37 pts.

In addition, the mid- and small-cap index, the EGX70 plummeted by 0.48 per cent to finish at 592.48 pts. The price index EGX100 dipped by 0.05 per cent to conclude at 1077.31 pts.  
Furthermore, the market capitalization recorded EGP 496.046 billion on Thursday.

Turnovers still below EGP One billion
Through the closing session of Thursday, the trading volume has reached 244.544 million securities, with turnovers worth EGP 723.849 million, exchanged through 30.588 transactions.               
Also during the closing session, 176 listed securities have been traded in; 98 declined, 52 advanced; while 24 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Thursday seizing 78.69% of the total market, with a net equity of EGP 53.546 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors remained net buyers capturing 8.81% and 12.51% respectively of the total markets, with a net equity of 1.807 million and EGP 51.739 million, respectively, excluding the deals.