Home StocksEGX EGX 30 Opens Above 5030 Pts Backed By Foreign Net Buyers

EGX 30 Opens Above 5030 Pts Backed By Foreign Net Buyers

by Yomna Yasser

During Wednesday opening session, the Egyptian Exchange (EGX) has posted early gains of  around EGP 2 billion as the capital market has amounted to EGP 349.419 billion, according to data compiled by Amwal Al Ghad at 11:20 a.m. Cairo time (08:20 GMT).

The EGX indices opened in green except for the EGX70.

The main index, EGX30 inched higher 0.93% to 5031.92 p. EGX20 went up by 0.52% to 5737.21 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.05% to 442.69 p.  Price index EGX100 rose by 0.47% to 744.21 p.

This was after trading in 97 listed securities; 36 declined, 26 advanced; while 35 keeping their previous levels.

EGX’s early gains were backed by  the non-Arab foreigners’ buying deals as they were net buyers seizing 21.57% of the total markets, with a net equity of EGP 11.091 million excluding the deals.

On the other hand, Egyptians and Arabs were net sellers seizing 71.2% and 7.24% respectively, of the total markets, with a net equity of EGP 10.039 million and EGP 1.051 million excluding the deals.

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