The Egyptian Exchange (EGX) has opened Wednesday posting gains of EGP 272 million backed by local and Arab selling pressures. The capital market has amounted to EGP 382.714 billion, according to data compiled by Amwal Al Ghad at 11:16 a.m. Cairo time (09:16 GMT).
The EGX indices opened in green.
The main index, EGX30 inched up by 0.23% to 5670.14 p. EGX20 rose by 0.24% to 6525.26 p.
Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.14% to 476.57 p. Price index EGX100 increased by 0.17% to 810.85 p.
This was after trading in 97 listed securities; 35 declined, 29 advanced; while 33 keeping their previous levels.
During the opening session, the trading volume has reached 8.648 million securities worth EGP 31.645 million, exchanged 2.109 thousand transactions.
The EGX’s early gains backed by Arabs and the non-Arab foreigners as they were net buyers seizing 5.03% and 14.97% respectively, of the total markets, with a net equity of EGP 2.695 million and EGP 30.334 thousand million excluding the deals.
Meanwhile, Egyptians were net sellers seizing 80.01% of the total markets, with a net equity of EGP 2.725million excluding the deals.
