Egypt’s stocks closed this week higher with gains worth 4.5 billion Egyptian pounds triggered by local investors’ strong buying appetite. The country’s main stock index, EGX30 surged on Thursday approaching the level of 9460 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Thursday.
Egypt’s benchmark index EGX30 ended 1.65 per cent higher to 9458.57 pts; while EGX20 closed 1.88 per cent up to 10946.61 pts.
In addition, the mid- and small-cap index, the EGX70 inched up by 1 per cent to finish at 634.98 pts. The price index EGX100 climbed by 1.19 per cent to conclude at 1153.59 pts.
Furthermore, the market capitalization recorded EGP 521.925 billion on Thursday.
Turnovers Cross EGP One billion
Through the closing session of Thursday, the trading volume has reached 251.309 million securities, with turnovers worth EGP 1.059 billion, exchanged through 31.903 thousand transactions.
Also during the closing session, 193 listed securities have been traded in; 39 declined, 126 advanced; while 25 kept their previous levels.
Local investors were net buyers on Thursday capturing 82.76% of the total market, with a net equity of EGP 6.857 million, excluding the deals.
On the other hand, Arab and non-Arab foreign investors were net sellers seizing 6.12% and 11.11% respectively of the total markets, with a net equity of EGP 1.056 million and EGP 5.801 million, respectively, excluding the deals.