Home StocksEGX EGX 30 Ends Week Above 5625 Pts On Foreign Buyers

EGX 30 Ends Week Above 5625 Pts On Foreign Buyers

by Yomna Yasser

The Egyptian Exchange (EGX) has ended this week posting gains of EGP 841 million backed by non-Arab foreign buyers. The capital market has reached to EGP 380.949 billion during Thursday’s closing.

The EGX indices ended in green.

Egypt’s benchmark index EGX 30 ended this week on a green note as it edged up by 0.31% to close at 5626.92 p; while EGX20 rose by 0.22% to end at 6527.69 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.15% to conclude at 476.48 pts.  Price index EGX100 surged by 0.21% to finish at 807.37 p.

During Thursday’s closing, the trading volume hit 68.492 million securities, lower than Wednesday’s 76.897 million securities, representing a decrease of 8.405 securities. For the traded value, it reached EGP 295.204 million, exchanged 18.090 thousand transactions.

This was after trading in 173 listed securities; 59 declined, 67 advanced; while 47 keeping their previous levels.

The non-Arab foreigners have backed EGX’s closing gains as they were net buyers seizing 7.14% of the total markets, with a net equity of EGP 15.190 million excluding the deals.

Meanwhile, Egyptians and Arabs were net sellers seizing 91.73% and 1.13% respectively, of the total markets, with a net equity of EGP 8.387 million and EGP 6.802 million excluding the deals.

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