Egypt’s stocks end week mostly higher as benchmark EGX 30 advances 0.99%

Egypt’s stock exchange (EGX) has closed mostly higher on Wednesday, with the benchmark EGX 30 index gaining 0.99 percent to 10,536 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) rose by 0.17 percent to 2,663 points, while the fixed-weighted index, EGX 30 Capped went up by 0.57 percent to 12,885 points. The all-embracing index, EGX 100 added by 0.16 percent to 3,608 points. In addition, the equal weights index, EGX 50 decreased by 0.15 percent to 2,268 points.

Earlier this week, the Egyptian Exchange announced that Thursday, October 7 is off on the occasion of the 6 October anniversary, which marks Egypt’s victory in the 1973 war. Trading will be resumed on Sunday, October 10.

Market Cap   

The country’s market capitalisation has posted gains on Wednesday worth 1.6 billion Egyptian pounds (around $102 million), ending the trading at 699.011 billion pounds supported by local and foreign investors’ buying appetite.

Trading Aggregates            

Trading value has approximately reached around 2.1 billion pounds, while the trading volume has almost recorded 264.747 million securities executed 33,855 transactions.