Egyptian Investors Lead Market Activity on Egyptian Exchange with 81.8% Share

Egyptian investors accounted for a substantial 81.8% share of total transactions on stocks listed on the Egyptian Exchange during the past week, with foreigners capturing 11.8% and Arabs 6.5%, according to the weekly report from the Egyptian Exchange. Foreigners recorded a net purchase on the Egyptian Exchange totaling EGP 388.7 million, while Arabs recorded a net sale of EGP 423.9 million, after excluding deals.

Egyptian transactions represented 88.4% of the trading value for listed stocks since the beginning of the year after excluding deals, while foreigners recorded 5.2% and Arabs 6.4%. Foreigners recorded a net purchase on the Egyptian Exchange totaling EGP 2.8 billion, while Arabs recorded a net sale of around EGP 1.6 billion, all on listed stocks since the start of the year after excluding deals.

The main index of the Egyptian Exchange, "EGX 30," rose by 3.44% to close at 28506.16 points during the past week - the first week of April. The small and medium-sized stocks index, "EGX 70 Equal Weighted," rose by 1.28% to close at 6480.79 points, while the "EGX 100 Equal Weighted" index grew by 1.65% to close at 9229.47 points. The "EGX 30 Capped" index grew by 3.82% to close at 34845.13 points, and the "EGX Indices" index jumped by 5.83% to close at 7589.13 points.

The market capitalization of the Egyptian Exchange gained around EGP 46.4 billion during the past week's sessions, closing at EGP 1.905 trillion, a growth rate of 2.5%. The market capitalization for the main index rose from EGP 1.193 trillion to EGP 1.234 trillion, a growth rate of 3.5%, while the market capitalization for the small and medium-sized stocks index rose from EGP 403.2 billion to EGP 406.7 billion, a growth rate of 0.9%.