Despite the start of public offerings, sales of foreigners on the stock market continue to rise, recording 6.5 billion pounds

Despite the start of public offerings, sales of foreigners on the stock market continue to rise, recording 6.5 billion pounds
Despite the start of public offerings, sales of foreigners on the stock market continue to rise, recording 6.5 billion pounds

Saturday 13/May/2023 – 08:14 PM

Sales of foreign investors in the Stock Exchange rose to 6.5 billion pounds at the end of last week’s trading, which witnessed fluctuating performance with the start of implementing the government’s offering program through the implementation of the acquisition of Pachin Paints shares by the UAE National Dyes Company.

Trading values ​​on the Egyptian Stock Exchange during the week’s trading

The total value of trading on the stock exchange during the past week amounted to about 13.3 billion pounds, and the volume of circulation was about 3.260 million papers executed on 374 thousand transactions, compared to a total trading value of 10.7 billion and a volume of circulation of 2.218 million papers executed on 312 thousand transactions during the past week.

And foreigners recorded a net sale during a week at a value of 340 million pounds, while Arabs intended to buy at a value of 29 million, after excluding deals. The past to rise about 1.12%.

Stocks accounted for 84.9% of the total trading value inside the booth, while the trading value of bonds represented about 15.04% during the week.

Egyptians recorded 85.9% of the total transactions on listed shares, while foreigners accounted for 6.2% and Arabs 7.9%, after excluding deals.

The EGX30 stock index closed at 17,270 points, recording a decrease of 0.14%, while the EGX70 EWI index recorded an increase of 2.79%, closing the period at 3,061 points, and the S&P index recorded an increase of 2.44%, closing the period at 2872 points.

As for the EGX30 capped index, it recorded an increase of about 0.45%, closing at 21374 points, and the EGX100 EWI index achieved an increase of about 2.65%, closing the period at 4674 points.

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