Egypt stocks ends week on high note

Friday 09-10-2015 04:37 PM
Egypt stocks ends week on high note

A man rests at his desk at the Egyptian stock market in Cairo, November 25, 2012. Egyptian share prices plunge, with the benchmark index losing nearly 10 percent in the first trading session since President Mohamed Mursi ignited a political crisis by expanding his powers. REUTERS/Asmaa Waguih

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CAIRO, Oct 9 (Aswat Masriya) - Egypt's stock market indicators showed a hike in Thursday's weekly report with the main index EGX30 rising by 2.48 percent to reach 7492 points, reported the state-owned MENA. 

The week's trading was limited to four sessions because of the October 6 official holiday.

Market exchanges revealed an increase in EGX70 index by 2.8 percent to reach 398 points.

According to the report, the stock market made profits amounting to EGP 5.3 billion hiking the shares of market capital of listed companies EGP 452.2 billion compared to EGP 447.4 billion the week before, marking a rise of about 1.2 percent.

Egyptian investor trading accounted for 81.72 percent of the total market turnover, while non-Arab foreign investors acquired 13.45 percent and Arab investors got 4.83 percent, excluding deals.

Trading by non-Arab foreign investors recorded net purchases worth EGP 46.51 million, while purchases made by Arabs totaled at EGP 2.08 million, after excluding deals.

Institutions accounted for 70.74 percent of the value trade, while the remaining transactions for individuals increased by 29.26 percent, making a net purchase worth of EGP 43.09 million.

In the bonds market, the total value of trading in bonds amounted to EGP 1.497 billion, raising the amount of the trade to 1.478 thousand bonds.

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