Egypt’s bourse closed with gains on Wednesday amounting to 2.1 billion Egyptian pounds. However, indices went down during trading, notably the country’s main stock index, EGX30 retreated below 9350 driven by local and Arab investors’ selling pressures.
Indices
Egypt’s benchmark index EGX30 ended 1.55 per cent lower to 9345.53 pts; and EGX20 closed 1.76 per cent down to 10870.98 pts.
In addition, the mid- and small-cap index, the EGX70 pushed down by 1.29 per cent to finish at 623.15 pts. The price index EGX100 dropped by 1.12 per cent to conclude at 1125.63 pts.
Furthermore, the market capitalization recorded EGP 534.318 billion on Wednesday.
Turnovers Surge above EGP One billion
Through the closing session of Wednesday, the trading volume has reached 202.852 million securities, with turnovers worth EGP 764.219 million, exchanged through 31.153 transactions.
Also during the closing session, 185 listed securities have been traded in; 130 declined, 37 advanced; while 16 kept their previous levels.
Investors’ Activities
Local and Arab investors were net sellers seizing on Wednesday 78.44% and 7.92% respectively of the total markets, with a net equity of EGP 14.013 million and EGP 22.649 million, respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 13.64% of the total market, with a net equity of EGP 36.662 million, excluding the deals.
