Egyptian stocks end Wednesday with humble gains of $173mn

Egypt’s stock market concluded Wednesday with modest gains worth 1.355 billion Egyptian pounds (US$ 173 million) backed by Arab and local investors’ buying appetite.

Market capitalisation recorded 402.892 pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 surged up by 0.52 percent to 6372.64 points.

EGX50 EWI index sagged 0.67 percent to 1211.18 points.

EGX20 grew 0.37 percent to 6352.19 points.

In addition, the mid- and small-cap index EGX70 decreased 0.55 percent to 355.73 points. Price index, EGX100 inclined 0.14 percent to 730.15 points.

Turnovers high

On Wednesday, the bourse’s trading volume has hit 287.630 million securities, with turnovers closed at 859.370 million pounds, exchanged through 22,784 thousand transactions.

Also during the closing session, 176 listed securities have been traded in; 69 declined, 65 advanced; while 38  kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers Wednesday capturing 84.72 and 3.81 percent respectively of the total markets, with a net equity of 8.969 million pounds and 12.938 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers getting 11.48 percent of the total market, with a net equity of 21.908 million pounds, excluding the deals.