Egypt Market Watch | Dec 15 2016: Egyptian Stock ends in green zone

Cairo (Capital Markets in Africa) – The Egyptian Exchange finished Thursday’s trading session on a higher note, backed by foreign investors’ purchases.

The main index EGX30 edged up 8.9 points or 0.08% to 11,326.03 points.

The small and mid-cap EGX70 inched up 0.24% to 451.71 points.

The broader index EGX100 ended higher 0.14% to 1,064.36 points and the equal-weighted index increased 5.8 points or 0.32% to 1,819.8 points.

Market capitalization added EGP 571.06 billion to reach EGP 4.67 billion.

Foreign investors were net buyers by EGP 106.4 million, while Egyptians and Arabs were net sellers by EGP 74.9 million and EGP 31.4 million, respectively.

Trading volume stood at 325 million shares traded in 31,060 transactions at EGP 1.4 billion.

The largest EGX30 component declined 0.80% to EGP 67.1 after trading 1.44 million shares at EGP 97.09 million.

Obour Land closed higher 1.24% to EGP 9.8 after registering EGP 97.09 million for 14.99 million shares changed hands.

The bourse closed Wednesday on a mixed note on a selling wave by national investors. The main index EGX30 declined or 67.9 points or 0.6% towards 11,317.17 points.