Egypt’s stocks bloom in green as benchmark EGX 30 grows 0.79% on Wednesday
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) advanced 1.24 percent to 2,383 points, while the fixed-weighted index, EGX 30 Capped rose 0.86 percent to 12,591 points. The all-embracing index, EGX 100 surged 1.30 percent to 3,334 points. Meanwhile, the equal weights index, EGX 50 added 1.40 percent to 2,263 points.
However, the country’s market capitalisation has on Wednesday saw gains worth 5.2 billion Egyptian pounds ($331.6 million), ending the trading at 643.925 billion pounds triggered by foreign investors’ buying appetite.
Trading value has approximately reached around 4.07 billion pounds, while the trading volume has almost recorded 533.116 million securities executed 50,639 transactions.