Cairo stocks market rebound Thursday with gains of $45bn

Egypt’s main stock market index surged Thursday, to gain 407 billion Egyptian pounds ($45 billion triggered by Arab and foreign investors.

Main index, EGX30 climbed 1.41  percent, to 75447.49  points

EGX50 EWI index inched up 1.75 percent, to 1406.97  points.

Mid- and small-cap index EGX70 went up 0.60 percent, to 368.01 points. Price index, EGX100 also increased 1.35 percent to 777.85 points.

Market Caps

Market capitalisation has recorded 407.080 billion pounds during the closing session of Thursday.

Turnovers high

On Thursday , the bourse’s trading volume hit 158.524  million securities, with turnovers closed at 939.474 billion pounds, exchanged through 19,949 transactions.

Also during the closing session, 170 listed securities have been traded 27 declined, 113 advanced, while  26  kept their previous levels.

Investors’ Activities

Non-Arab foreign and Arab investors were net buyers controlling 13.1 percent and 4.92 percent respectively of the total markets, with a net equity of 2.981 million pounds and 39.966 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers capturing 81.98 percent of the total market a net equity of 42.948  million pounds, excluding the deals.