Home StocksEGX Shares in Egypt Gain EGP27 mln at Open Backed by Foreign Buyers

Shares in Egypt Gain EGP27 mln at Open Backed by Foreign Buyers

by Salma Ayman

Egypt’s stocks opened slightly higher on Wednesday posting gains of EGP 27 million backed by the non-Arab foreign net buyers. The benchmark index has crossed 5770 points on Wednesday morning.

 The Benchmark EGX30 inched up by 0.35 % to 5774p; while EGX20 advanced by 0.44 % to 6779p.

 On the other hand, the mid- and small-cap index, the EGX70 went up by 0.24% to 495p.  Price index EGX100 rose by 0.24 % to 830 p.

Trading Volumes & Values

 The trading volume has recorded 3 million securities worth EGP 146 million, exchanged through 890 transactions during Wednesday opening.

 Also during the opening session, 76 listed securities have been traded in; 17 fell, 20 advanced; while 37 keeping their previous levels.

 Investors’ Activities

 The non-Arab foreigners were net buyers seizing 60.94%, of the total markets, with a net equity of EGP 89 million excluding the deals.

 Meanwhile, Egyptian and Arab investors were net sellers as they seized 7.68%and 31.38% respectively of the total markets, with a net equity of EGP 21 million  and EGP 68 million respectively, excluding the deals.

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