Egypt Stocks End This Week, with EGP1.5 billion Gains

Egypt’s stocks ended this week higher with gains totalling 1.5 billion Egyptian pounds triggered by foreign investors’ buying appetite. In return, the main stock index, EGX30 closed in green on Thursday nearing 8095 points.

The Egyptian Exchange’s indices were back to green notes during closing session of Thursday.


Egypt’s benchmark index EGX30 ended 0.15 per cent higher to 8093.75 pts; while EGX20 finished 0.29 per cent up to 9793.59 pts.     
On the other hand, the mid- and small-cap index, the EGX70 hiked by 0.96 per cent to end at 583.47 pts. The price index EGX100 went up by 0.69 per cent to conclude at 1023.8 pts.  
Furthermore, the market capitalization recorded EGP 473.797 billion on Thursday.

Turnovers above EGP 1 billion
Through the closing session of Thursday, the trading volume has reached 134.154 million securities, with turnovers worth EGP 1.175 billion, exchanged through 19.544 thousand transactions.               
Also during the closing session, 172 listed securities have been traded in; 37 declined, 113 advanced; while 16 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net buyers on Thursday capturing 2.79% and 8.82% respectively of the total markets, with a net equity of EGP 25.600 million and EGP 21.013 million respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers seizing 88.39% of the total market, with a net equity of EGP 46.614 million, excluding the deals.