URGENT: US PPI declines by 0.2% in May    Egypt secures $130m in non-refundable USAID grants    HSBC named Egypt's Best Bank for Diversity, Inclusion by Euromoney    Singapore offers refiners carbon tax rebates for '24, '25    Egypt's CBE offers EGP 4b zero coupon t-bonds    G7 agrees on $50b Ukraine loan from frozen Russian assets    EU dairy faces China tariff threat    Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry    Egypt's rise as global logistics hub takes centre stage at New Development Bank Seminar    Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza    MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    Egypt's Water Research, Space Agencies join forces to tackle water challenges    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGX30 Nears 7770 at Close as Shares Bounce Back
Yomna Yasser Published in Amwal Al Ghad on 09 - 04 - 2014

Egypt's stock market rebounded to end higher on Wednesday with gains totalling 2.4 billion Egyptian pounds. In return, the main stock index – EGX30 surged to close near 7770 points amid foreign buying appetite.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering again in green notes on Wednesday afternoon.
Indices
Egypt's benchmark index EGX30 closed 0.83 per cent higher to 7768.11 pts; while EGX20 finished 1.07 per cent up to 9234.73 pts.
On the contrary, the mid- and small-cap index, the EGX70 climbed by 1.31 per cent to end at 588.63 pts. The price index EGX100 inched up by 1.24 per cent to conclude at 1031.63 pts.
Furthermore, the market capitalization recorded EGP 463.311 billion on Wednesday.
Turnovers below one Billion Pounds
Through the closing session of Wednesday, the trading volume has reached 221.309 million securities, with turnovers worth EGP 635.646 million, exchanged through 29.242 thousand transactions.
Also during the closing session, 176 listed securities have been traded in; 23 declined, 129 advanced; while 24 keeping their previous levels.
Investors' Activities
The non-Arab foreign and Arab investors were net buyers capturing 10.69% and 4.5% respectively of the total markets, with a net equity of EGP 5.919 million and EGP 236.886 thousand respectively, excluding the deals.
On the other hand, Egyptian investors were net sellers seizing 84.8% of the total market, with a net equity of EGP 6.156 million, excluding the deals.
Companies' Activities
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price increase on Wednesday by 2.25 percent to EGP 12.26.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) hiked by 0.85 percent to EGP 36.90.
In the real estate sector, Palm Hills Development Company (PHDC.CA) pushed up by 2.86 percent to trade at EGP 3.60, Talaat Moustafa Group Holding (TMGH.CA) jumped by 3.17 percent to trade at EGP 7.82, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) grew by 1.31 percent to close at EGP 24.81.

Clic here to read the story from its source.