The Egyptian Exchange (EGX) opened higher on Wednesday gaining EGP 1.3 billion as the capital market has reached EGP 328.186 billion as of 9:08 GMT (11:08 local time).
The main index, EGX30 climbed 0.89% hitting 4543.11 p. EGX20 jumped 1.09% reaching 5153.95 p.
Meanwhile, the mid- and small-cap index, the EGX70 inched higher 0.33% reaching 395.25 p. Price index EGX100 went up 0.36% hitting 705.24 p.
Traded volume reached 6.159 million securities worth EGP 15.865 million, exchanged through 1.160 thousand transactions.
This was after trading in 63 listed securities; 9 declined and 46 advanced while 8 keeping their previous levels.
Non-Arab Foreigners and Egyptians were net sellers seizing 67.81and 19.26% respectively, of the total markets, with a net equity of EGP 429.878 thousand and EGP 480.935 thousand excluding the deals.
On the other hand, Arabs were net buyers seizing 12.93% of the total markets, with a net equity of EGP 910.813 thousand excluding the deals.
EGX’s leading shares witnessed collective upwards led by the shares owned by Commercial International Bank- Egypt (COMI.CA) which climbed 1.49% to hit EGP 24.58. Shares of Orascom Telecom Holding (OTH) (ORTE.CA) surged 1.37% to reach EGP 2.96. Shares owned by EFG-Hermes Holding (HRHO.CA) soared 1.12% to reach EGP 10.80.
Additionally, the shares of Orascom Telecom Media & Technology Holding (OTMT.CA) went up 0.81% to hit EGP 1.25. Shares of Orascom Construction Industries (OCI) (OCIC.CA) edged up 0.19% to reach EGP 248.70.
