Egypt’s stocks higher on Wednesday, EGX 30 climbs 1.21% on Ever Green ship release

Egypt’s stock exchange’s (EGX) indexes ended higher on Wednesday, with the benchmark EGX 30 index climbing 1.21 percent to 10,277 points as Egyptian authorities finally released the container ship Ever Green following a compensation deal.

Ever Given, which blocked the Suez Canal for six days and disrupted global shipping in March, weighed anchor earlier on Wednesday as Suez Canal Authority signed a compensation deal with the vessel’s Japanese owner. The vessel having been impounded for more than 100 days.

Indices

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) jumped 2.13 percent to 2,342 points, while the fixed-weighted index, EGX 30 Capped hiked 0.81 percent to 12,705 points. The all-embracing index, EGX 100 surged 1.72 percent to 3,285 points. In addition, the equal weights index, EGX 50 advanced 1.63 percent to 2,145 points.

Market Cap   

The country’s market capitalisation has on Wednesday posted gains worth 6.8 billion Egyptian pounds (around $433 million), ending the trading at 663.982 billion pounds backed by Arab and foreign investors’ buying appetite.

Trading Aggregates            

Trading value has approximately reached around 2.5 billion pounds, while the trading volume has almost recorded 426.022 million securities executed 39,944 transactions.