In a week, Egypt’s stock Exchange (EGX) lost around 2.1 billion Egyptian pounds.
In addition, the country’s main stock index, EGX30 climbed by 1.42% in a week, with an increase of 133.57 points, ending Thursday’s transactions at 9459 points, versus 9325 points at the end of a week earlier.
The main gauge index registered its highest point on Thursday closing at 9458.57 points, whereas its lowest point recorded on Tuesday at 9187 points.
On the contrary, the mid- and small-cap index, the EGX70 inched down in a week by 1.11% closing at 635 points during Thursday’s session, compared to 642 points at the end of a week earlier. Yet, the price index, EGX100 steadied at the level of 1154 points.
Furthermore, the market capitalization closed at EGP 521.925 billion last Thursday, compared to EGP 524.021 billion at the end of a week earlier.
Through the week, the trading volume hit around 1.077 billion securities, compared to 961 million securities at the end of a week earlier. For the traded value, it reached EGP 5 billion against EGP 4.7 billion a week earlier.
Local investors led the market activity all through the week with 83.75%, followed by foreign and Arab investors with 10.41% and 5.83%, respectively, after excluding the deals.
Foreign investors were the most active sellers during the week earning the value of EGP 50.40 million, after excluding the deals.
Arab investors were also to sell by value of EGP 81.77 million, after excluding the deals.
Moreover, institutions seized 48.78% of total trading through the week; while individuals attained 51.22%. Institutions were the most active buyers during the week earning the value of EGP 118.88 million, after excluding the deals.
– Egypt Bourse Head Elected as Member of ASEA’s Executive Committee
Egyptian bourse’s chairman has become a member of the African Stock Exchanges Association (ASEA)’s executive committee.
During the general assembly meeting of the African Stock Exchanges Association (ASEA) held in Mombassa, Kenya and attended by 23 African countries’ delegates, Mohamed Omran, EGX chairman, received a majority of votes to be a member of ASEA’s executive committee.
The conference was also attended by the Kenyan vice president and a number of regional economic organizations, investment banks and financial institutions’ representatives.
ASEA executive committee is authorized to set the association’ trends, strategy, and to develop a deeper cooperation and integration among African stock exchanges in various fields. It’s worth mentioning that EGX is an active member of ASEA and has contributed significantly in the association’s development in the technological structure and information technology fields over the past years.
From his part, Omran said “We are proud for the honor given to EGX by the international community. Few days ago EGX was elected as president of the Federation of Euro-Asian Stock Exchanges (FEAS), and it was preceded by EGX selection as the most advanced African stock exchange”.
Omran stated that the compatibility of those events is no coincidence, but it is a result of intensive efforts and moves to exhibit EGX progress and the internal situation stability. He pointed out that the African dimension represents a cornerstone of EGX strategy, as we recognize the importance of deepening relations with the African countries that represents an obvious importance for the Egyptian foreign policy.