Egypt’s EGX30 Nears 8075 at Open

Egypt’s stocks started trading on Wednesday higher with gains worth 1.7 billion Egyptian pound bolstered by non-Arab foreign buying appetite. According, the main stock index, EGX30 opened higher approaching 8075 points.

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

The Benchmark EGX30 inched up by 0.59% to 8074.16 p, and EGX20 grew by 0.88% to 9686.23 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.18% to 599.18 p.  Price index EGX100 rose by 0.19% to 1051.68 p.

Furthermore, market capitalization reached EGP 475.618 billion, according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (09:22 GMT).

Trading Volumes & Values

The trading volume has recorded 62.066 million securities worth EGP 173.716 million, exchanged through 6389 transactions during Wednesday opening.

Also during the opening session, 119 listed securities have been traded in; 26 fell, 62 advanced; while 31 keeping their previous levels.

Investors’ Activities

the non-Arab foreign investors were net buyers at early trade on Wednesday capturing 7.69% of the total market, with a net equity of EGP 6.582 million, excluding the deals.

On the other hand, Egyptian and Arab investors were net sellers seizing 82.34% and 9.97% respectively of the total markets, with a net equity of EGP 2.390 million and EGP 4.191 million respectively, excluding the deals.

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