Egypt’s EGX 30 Ends Week 1.8% up Ahead of Referendum Date Remarks

Ahead of the anticipated presidential declaration of the constitutional referendum date, Egyptian stocks finished this week remarkably higher attaining gains totaled EGP 5.02 billion backed by local net buyers. The main gauge jumped above 6600 points on Thursday.

Egypt’s interim President Adly Mansour is expected to announce the date of a referendum on the amended 2012 constitution in a statement on Saturday.

The Egyptian Exchange indices were wavering in green notes on Thursday afternoon.

Egypt’s benchmark index EGX30 ended 1.79 per cent higher to 6604.65 pts, and EGX20 also finished 1.58 per cent up to 7644.95 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 hiked by 1.14 per cent to conclude at 533.49 pts. The price index EGX100 pushed up by 1.54 per cent to close at 902.69 pts.  
The capital market has closed at EGP 416.881 billion on Thursday afternoon.

Through the closing session of Thursday, the trading volume has reached 209.059 million securities. For the traded value, it hit EGP 696.122 million, exchanged through 30.046 thousand transactions.          

Also during the closing session, 181 listed securities have been traded in; 30 declined, 145 advanced; while 6 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers seizing 80.46% of the total market, with a net equity of EGP 77.665 million, excluding the deals.

On the contrary, the non-Arab foreigners and Arabs were net sellers acquiring 12.11% and 7.43% respectively of the total markets, with a net equity of EGP 63.599 million and 14.066 million respectively, excluding the  deals.