Indices of the Egyptian Exchange (EGX) ended Wednesday’s session on a positive note, powered by the buying tendency of foreign and Arab institutions.
The market capitalization added nearly EGP 5.7 billion.
The benchmark index EGX30 rose 2.37% or 207.66 points to close at 8952.43 points. The small and mid-cap index EGX70 inched higher 1.23% or 7.33 points to 604.13 points and the broader index EGX100 ended 1.49% or 16.11 points at 1094.63 points.
Wednesday’s turnover amounted to approx. EGP 914.7 million, while traded volume reached 207 million shares and number of transactions amounted to 33.8 thousand.
Foreign and Arab traders were net buyers by EGP 27.3 million and EGP 7.3 million respectively, while nationals were net sellers by EGP 34.6 million.
Institutions accounted for 55.7% of total trading, with foreigners and Arabs heading for buying. Meanwhile, retail traders accounted to 44.3% of trading.
Tracking stock performance, Heliopolis Housing was the most active with a turnover reaching more than EGP 74.7 million. The stock jumped 7.32% to EGP 51.81.
Meanwhile, Amer Group was the top active with a traded volume of more than 57.4 million shares. The stock rose 6.8% to EGP 1.07.