Egypt’s Main Index End This Week 0.9% up on Local, Arab Buyers

Egypt’s stocks ended this week higher with gains worth 2.4 billion propelled by local and Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 surged to cross 9325 points on Thursday.

Indices

Egypt’s benchmark index EGX30 ended 0.99 per cent higher to 9325.95 pts; while EGX20 closed 0.92 per cent up to 10870.91 pts.

In addition, the mid- and small-cap index, the EGX70 went up by 0.44 per cent to finish at 642.08 pts. The price index EGX100 rose by 0.62 per cent to conclude at 1153.58 pts.  
Furthermore, the market capitalization recorded EGP 524.021 billion on Thursday.

Turnovers below EGP One billion
Through the closing session of Thursday, the trading volume has reached 201.583 million securities, with turnovers worth EGP 876.313 million, exchanged through 26.981 transactions.                 
Also during the closing session, 189 listed securities have been traded in; 57 declined, 104 advanced; while 24 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers acquiring on Thursday 87.47% and 4.45% respectively of the total markets, with a net equity of EGP 10.072 million and EGP 14.247 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors net sellers seizing 8.08% of the total market, with a net equity of EGP 24.320 million, excluding the deals.