Egypt’s EGX30 Crosses 8265 pts at Open

Powered by local buying appetite, Egypt’s main stock index – EGX30 rallied to early trading today to cross 8265 points. In addition, the country’s stock market opened with gains amounting to 2.4 billion pounds on Wednesday.

The Egyptian Exchange indices were wavering in green notes during the opening session of Wednesday.

The Benchmark EGX30 inched up by 0.86% to  8267.17 p; while EGX20 hiked by 1.04% to 9974.24 p.

Meanwhile, the mid- and small-cap index, the EGX70 grew by 0.61% to 658.26 p.  Price index EGX100 went higher by 0.65% to 1131.63 p.

Furthermore, market capitalization reached EGP 495.899 billion, according to data compiled by Amwal Al Ghad English at 11:30 p.m. Cairo time (09:30 GMT).

Trading Volumes & Values

The trading volume has recorded 113.752 million securities worth EGP 283.201 million, exchanged through 8802 transactions during Wednesday opening.

Also during the opening session, 115 listed securities have been traded in; 15 fell, 90 advanced; while 10 keeping their previous levels.

Investors’ Activities

Egyptian were net buyers at early trading on Wednesday capturing 88.49% of the total market, with a net equity of EGP 21.231 million, excluding the deals.

On the other hand, the non-Arab foreign and Arabs investors were net sellers seizing 2.92% and 8.58% respectively of the total markets, with a net equity of EGP 4.250 million and EGP 16.981 million respectively, excluding the deals.