Egypt’s stock market ended this week higher with gains totalling 1.6 billion Egyptian pounds as investor confidence returned. In return, the main stock index, EGX30 exceeded 8100 points on Thursday.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in green notes during the closing session on Thursday.
Egypt’s benchmark index EGX30 closed 0.29 per cent higher to 8103.67 pts; while EGX20 finished 0.60 per cent up to 9757.81 pts.
On the contrary, the mid- and small-cap index, the EGX70 hiked by 0.92 per cent to end at 606.45 pts. The price index EGX100 inched up by 0.74 per cent to conclude at 1062.11 pts.
Furthermore, the market capitalization recorded EGP 477.628 billion on Thursday.
Turnovers below EGP1 bln
Through the closing session of Thursday, the trading volume has reached 252.787 million securities, with turnovers worth EGP 817.824 million, exchanged through 33.320 thousand transactions.
Also during the closing session, 183 listed securities have been traded in; 47 declined, 114 advanced; while 22 keeping their previous levels.
Egyptian investors were net buyers capturing on Thursday 86.81% of the total market, with a net equity of EGP 32.641 million, excluding the deals.
On the other hand, the non-Arab foreign investors and Arab were net sellers seizing 5.66% and 7.53% respectively of the total markets, with a net equity of EGP 19.460 million and EGP 13.181 million respectively, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price increase on Thursday by 0.31 percent to EGP 12.87.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) went up by 0.13 percent to EGP 37.45.
In the real estate sector, Palm Hills Development Company (PHDC.CA) soared by 5.71 percent to trade at EGP 4.07, Talaat Moustafa Group Holding (TMGH.CA) climbed by 2.79 percent to trade at EGP 8.83, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) also surged by 1.53 percent to close at EGP 27.13.