Egypt’s stock market rises 0.57%, gains 1.7 billion pounds

Egyptian stock market finished Wednesday in green notes gaining 1.7 billion Egyptian pounds (US$91 million) on Arab and non-Arab buying appetite.

The market capitalsiation hit 622.164 billion pounds during the closing session of Wednesday.


Egypt’s benchmark index, EGX30 climbed 0.57 percent to 13089.05 points.

The EGX50 EWI index went up by 0.02 percent to 2001.41 points.

EGX20 declined by 0.21 percent to 13090.3 points.

In addition, the mid- and small-cap index EGX70 jumped by 0.79 percent to 466.85 points. The price index, EGX100 inched up by 1.29 percent to 1135.46 points.


Turnovers down

On Wednesday, the bourse’s trading volume has recorded 368.519 million securities, with turnovers closed at 1.259 billion pounds, exchanged through 32,278 thousand transactions.

Also during the closing session, 176 listed securities have been traded in; 85 declined, 68 advanced; while 23 kept their previous levels.

Investors’ Activities

Arab and non-Arab investors were net buyers on Wednesday getting 5.81 percent and 13.66 percent respectively of the total markets, with a net equity of 9.623 million pounds and 91.826 million pounds, respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers capturing 80.53 percent of the total market, with a net equity of 101.449 million pounds, excluding the deals.