Powered by GCC-Egypt Forum, Egyptian Shares End Higher on Wednesday

Egyptian stocks have ended higher on Wednesday attaining gains totaled EGP 988 million backed by local and Arab net buyers. The benchmark index surged to close above 6281 points.

The Egyptian Exchange indices were wavering in green notes on Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 0.60 per cent higher to 6281.52 pts, and EGX20 also finished 0.67 per cent up to 7323.86 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.54 per cent to conclude at 522.27 pts. The price index EGX100 rose by 0.51 per cent to close at 875.96 pts.  
The capital market has closed at EGP 406.203 billion on Wednesday afternoon.

Turnovers
Through the closing session of Wednesday, the trading volume has reached 74.023 million securities. For the traded value, it hit EGP 252.464 million, exchanged through 15.316 thousand transactions.         

Also during the closing session, 182 listed securities have been traded in; 44 declined, 103 advanced; while 35 keeping their previous levels.

Investors’ Activities

Powered by the Gulf-Egyptian Investment Forum that kicked off on Wednesday, Egyptians and Arabs were net buyers acquiring 80.07% and 5.01% respectively of the total markets, with a net equity of EGP 8.793 million and EGP 4.276 million respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 14.92% of the total market, with a net equity of EGP 13.069 million, excluding the deals.