The stock exchange completed its three-week trading on Thursday. Recently on the rise driven by purchases by Arab investors, sold shares increased market capitalization to approximately 5 billion EGP (U.S. $840 million), after scoring 404 billion EGP (U.S. $ 67.8 billion) compared to 399 billion EGP (U.S. $66.9 billion) yesterday. The second half of the meeting was especially successful since both Egyptian and foreign investors attended. The main stock index ‘Egy X 30' was closed today while on the rise by 1.1 percent closing at the level of 5413 points. The index of medium and small companies ‘Egy X 70' increased by 0.13 percent and the index ‘Egy X 100' SPX rose by 0.40 percent and reached a volume of 810 million EGP (U.S. $136 billion) today. The number of significant equity in the main index included the shares of the Commercial International Bank, which fell by 0.9 percent and shares at public contracting fell by 1.1 percent. Cairo Housing shares fell by 1.3 percent. On the other hand, Orascom Telecom shares rose by 1.4 percent, Palm Hills shares rose by 2.3 percent, Agawa Industries Egypt rose by 1.1 percent, and Al-Masreya Resorts rose by 2.2 percent. Active transactions by Arab investors rose significantly during the day and were a major reason for closing the main index while it was on the rise. Arab investors took 11.44 percent of total transactions and made net purchases worth 38.2 million EGP (U.S. $6.4 million). Foreign investor took 23.8 percent and achieved a net sale value of 8.06 million EGP (U.S. $1.3 million). Egyptian investors took about 64.76 percent and achieved a net sale of 30.1 million EGP (U.S. $5 million). Individual investors accounted up for 35.03 percent of total transactions and achieved a net sale value of 43.2 million EGP (U.S. $7.2 million) while institutions made 64.96 percent and achieved a net purchase worth 43.2 million EGP (U.S. $7.2 million).
