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Egypt equities gain EGP727m, benchmark at 9461.06 mark

Egypt equities gain EGP727m, benchmark at 9461.06 mark
Photo Credit: Arabianeye-Reuters

The Egyptian Stock Exchange (EGX) indices retreated collectively on Wednesday, while the market capitalization added EGP 727 million ($95.3 million) amid buy spree by Local institutions and Arab retail investors.   

The benchmark index EGX30 inched down by 0.15% or 14.2 points to end at 9461.06 points.

The EGX70, which measures small and mid-cap stocks, went down 0.16% to 561.49 points and the broader index EGX100 lost 0.19% at 1122.37 points.

Wednesday’s turnover amounted to EGP 531 million, while traded volume reached approx. 95.5 million shares sealed through 18 thousands transactions.

Local traders were net buyers by EGP 19.8 million, while foreign and Arab traders ended as net sellers by EGP 16.8 million and EGP 3 million respectively.

Meanwhile, retail traders were net sellers except Arabs; while institutions were net buyers particularly the local ones.

Today’s top gainers’ list was led by Cairo Educational Services surging 6.29% to close at EGP 10.81.

On the other hand, the top losers’ list was led by Golden Coast falling 7.61% to close at EGP 24.05.