Egypt’s stock market ended the week on a positive note, with broad-based gains across major indices, driven by strong foreign investor inflows, data from the Egyptian Exchange (EGX) showed on Thursday.
The benchmark EGX30 index surged 1.99 per cent to close at 53,605.08 points, supported by buying in leading blue-chip stocks.
The EGX33 Shariah index gained 2.20 per cent to 5,759.06 points, while the EGX35-LV gained 1 per cent to 5,876.93 points.
Mid- and small-cap stocks also posted gains. The EGX70 index of small and medium-sized enterprises was 0.70 per cent higher to 14,500.26 points, and the broader EGX100 advanced 0.99 per cent to 20,206.56 points.
Total market capitalisation stood at 3.753 trillion Egyptian pounds.
Egyptian and non-Arab foreign investors were net buyers, purchasing 1.688 billion pounds and 811.273 million pounds, respectively.
Arab foreign investors were net sellers, with outflows of 2.499 billion pounds.
Attribution: Amwal Al Ghad English