Monthly – Egypt Bourse Gains EGP24.6 bln, Main Gauge Jumps 9.99%
In October, the Egyptian bourse has reported gains EGP 24.6 billion. The capital market has closed at EGP 402.337 billion by the end of October sessions last Thursday, compared to EGP 377.733 billion by the end of last September sessions.
The Egyptian Exchange’s indices reported remarkable performance during October.
Through October – the main index, EGX30 jumped by 9.99% to end at the level of 6182 points. For the mid- and small-cap index, the EGX70 soared by 6.26% to close at 517 points; while, the price index EGX100 surged by 6.92% to conclude at the level of 867 points.
Turnovers & Market Summary
In October, EGX’s traded volume reached around 2.782 million securities worth turnovers of around EGP 11.2 billion, exchanged through 488 thousand transactions. Noting that, through last September the traded volume had reached 3.024 million securities worth turnovers of around EGP 14.8 billion, exchanged through 520 thousand transactions.
Elsewhere, the traded volume for the EGX of SMEs – NILEX through October has amounted to 57.3 million securities worth EGP 148.5 million, exchanged through 16.869 thousand transactions.
For EGX’s Over-The-Counter – OTC trading, the shares had seized 91.61% out of the total traded value; while traded value of the bonds represented 8.39% in October.
Investors Activities:
Local investors led the market activity through October, seizing 83.62% of the total market; while non-Arab foreigners and Arabs acquired 10.04% and 6.35%, respectively of the total market, after excluding the deals.
Excluding the deals, the non-Arab foreigners were net buyers in October, with a net equity of EGP 211.45 million; while Arabs were net sellers, with a net equity of EGP 4.29 million, after excluding the deals.
It is worth noting that the non-Arab foreigners were net sellers since the beginning of 2013, with a net equity of EGP 1.391.70 billion; while Arabs were net sellers, with a net equity of EGP 275.87 million, after excluding the deals.
Also in October, institutions had seized 31.64% of the EGX’s transactions; while individuals had 68.36%.
Institutions were net buyers, with a net equity of EGP 497.68 million through October, after excluding the deals.
