The management of the Egyptian Stock Exchange disclosed that, after deducting deals, Egyptian investors’ transactions accounted for 97.7% of all transactions on listed shares, while foreigners’ transactions accounted for 10.8% and Arabs’ transactions accounted for 9.5%.
According to the stock exchange’s weekly report, once deals were taken into account, foreign investors made a net sale of 78 million pounds, while Arabs made a net purchase of 74. 9 million pounds.
The stock exchange reported that, after deals were excluded, Egyptian transactions made up 67.3% of the trading value of the listed shares since the year’s beginning, compared to foreigners’ 15.8% and Arabs’ 7.9%. This means that, since the year’s beginning, foreigners sold about 18 billion pounds’ worth of listed shares net, while Arabs bought about EGP 1.9 billion’s worth of shares net.
The Egyptian Stock Exchange’s indices displayed a mixed performance during this week’s trading, with the main index, “egx30,” increasing by 1. 87% to reach the levels of 10010. 78 points, while the equal-weighted small- and medium-sized stock index, “egx70,” decreased by 1. 56% to reach the levels of 2215. 49 points. The more inclusive “egx100” rose 0. 99% to 3156. 68 points.
The main EGX30 index’s market capitalization increased by 1.5% to EGP 437.3 billion, while the EGX70 index’s capital decreased by 0.4% to EGP 130.6 billion.
This week’s total trading volume was about 2.0 billion securities traded across 162 thousand transactions, with a total value of about 9. 7 billion pounds.
Within the cabin, shares made up 51.0% of the entire trading value. While over the week, the trading value of bonds made up roughly 48. 95%.
Since the start of 2022, Arabs have purchased 1.9 billion pounds on the Egyptian Stock Exchange.
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