In Week, Egypt Shares Gain EGP7.8 bln amid Voting on New Charter

In a week that coincides with the start of voting on a new constitution in Egypt, the country’s shares attained significant gains totaled EGP 7.8 billion.

The capital market reached EGP 443.460 billion last Thursday, compared to EGP 435.642 billion at the end of a week earlier.

Accordingly, the Egyptian Exchange’s benchmark index EGX 30 index climbed by 2.42% this week, registering a surge of 168.58 points, ending Thursday’s transactions at 7143.62 points compared to 6975.04 points at the end of a week earlier.

The main gauge index registered its highest point on Wednesday closing at 7198.53 points, where its lowest point recorded on Sunday at 7116.81 points.

Egypt’s bourse halted its trading activities for one day on Monday, January 13, 2014 on the occasion of Prophet Mohamed birthday.

Meanwhile, the mid- and small-cap index, the EGX70  pushed up by 1.2% closing at 564.34 points during Thursday’s session, compared to 557.58 points at the end of a week earlier. The price index, EGX100 also grew by 1.6% concluding by 958.93 points during Thursday’s session, against 974.31 points at the end of a week earlier.

Higher Turnovers & Traded Volumes:

Through the week, the trading volume has reached 1.302 million securities, compared to 1.059 million securities at the end of a week earlier. For the traded value, it hit EGP 3.939 billion against EGP 3.211 billion a week earlier.

Investors’ Activity:

Local investors led the market activity all through the week with 83.94%, followed by Foreign (8.10%) and Arab investors (7.96%) respectively.

Foreign investors were the most active buyers this week earning the value of EGP 22.72 million , excluding the deals.

Arab investors were also to buy by value of EGP 7.26 million, excluding the deals.