Egypt's bourse indicators hike during last week

Friday 23-10-2015 08:03 PM
Egypt's bourse indicators hike during last week

Stock market, August 2011 - Amr Dalsh/REUTERS

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CAIRO, Oct 23 (Aswat Masriya) - Egypt’s stock market's primary and secondary indicators witnessed a hike over the past week where the benchmark index EGX30 rose by 0.22 percent to reach 7611 points.

The indictors for small and medium enterprises EGX70 also edged up by 0.95 percent while the broader EGX100 climbed by 0.81 percent, according to Egypt's stock exchange weekly report cited by state-run MENA.

The bourse made gains of EGP 4.4 billion increasing the capital market shares of listed companies to be EGP 459.1 billion compared to EGP 454.7 billion the week before, said the report.

It added that the trading volumes reached EGP 5.8 billion through trading of 1.427 billion securities on 105,000 deal compared to a trading volume of EGP 4.2 billion through trading of 1.192 billion securities on 98,000 deal the week before.

Egyptian investors trading accounted for 88.28 percent of the total market transactions, while non-Arab foreign investors accounted for 6.41 percent, and Arab investors 5.32 percent, excluding deals.

Arab investors recorded total net sales of EGP 100.56 million and non-Arab foreign investors recorded net purchases of EGP 90.59 million, excluding deals.

The report also pointed out that institutions accounted for 68.61% of the bourse’s transactions recording net purchases worth of EGP 101.82 million, while the remaining 31.39 percent were individual transactions. 

The total value of bond trading amounted to EGP 2.824 billion while the volume of bond trading was about 2,761 bonds.

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