The Egyptian Stock Exchange (EGX) indices went up collectively on Wednesday’s closing session, driven by foreigners and Arab purchases, while Egyptians transactions tended for selling.
The Market Capitalization gained EGP 16.2 billion, to close at EGP 688.4 billion, compared to EGP 672.28 billion on Tuesday’s session.
The benchmark EGX 30 rose 3.22 percent, or 424 point, to close at 13,594 points.
The equally weighted index EGX 50 increased 3.03 percent to end at 1908 points.
The small and mid-cap index EGX 70 went up by 2.68 percent to close at 496 points, and the broader index EGX 100 decreased 2.6 percent to close at 1327 points.
The trading volume reached 234 million shares, traded through 22.8 transactions, with a turnover of EGP 780.9 million.
Foreign and Arab investors were net sellers at EGP 64.7 million and EGP 158 million respectively, while Egyptian investors were net buyers at EGP 222.7 million.
On Tuesday, EGX ended session in red, continuing its downtrend for the third session this week, losing around LE 21.83 billion of its market capitalization, amid foreign selling.
The benchmark 30 dipped 4.24 percent and the equally weighted index 50 declined 3.82 percent. The small and mid-cap index 70 lessened 3.36 percent and the broader index 100 decreased 3.07 percent, or 40.98 points, to 1,293.67 points.
Market capitalization lost LE 21.83 billion, recording EGP 672.28 billion, compared to EGP 694.11 billion in Monday’s session.
