Purchases by foreign investors reach highest daily rate ever Wednesday

CAIRO – 28 February 2018: Foreign investors (Arab and non-Arab foreigners) have intensified their purchases in today’s session at the Egyptian Stock Exchange (EGX) to register LE 3.1 billion, the highest rate for foreign investors’ daily buying activities in the history of EGX.

The previous highest rate was LE 2.4 billion recorded in April 2008.

Trading volume, without bonds, reached around LE 4 billion, the highest rate since March 12, 2008, when trading registered LE 4.1 billion.

EGX ended Wednesday in a mixed note, amid Egyptian and foreign selling. The benchmark EGX30 slipped 0.32 percent, or 50.19 points, to end at 15,472.69 points, leaving the highest point that the index reached on Tuesday.

EGX30 recorded its highest level in history in Tuesday’s session, achieving the level of 15,522.88 points.

The small and mid-cap index EGX70 went down 0.17 percent or 1.49 points, ending at 860.72 points, while the broader index EGX100 edged up 0.15 percent or 3.16 points, to close at 2107.30 points.

Market Capitalization lost LE 4 billion, recording LE 892.29 billion ($50.48 billion), compared to LE 896.32 billion in Tuesday's session.

The trading volume reached 239.05 million shares traded through 38,350 transactions with a turnover of LE 3.96 billion.

Egyptian and foreign investors were net sellers at LE 188.2 million and LE 307.73 million, respectively, while Arab investors were net sellers at LE 495.93 million.

Egyptian and Arab individuals were net buyers at LE 11.69 million and LE 369,680, respectively, while foreign individuals were net sellers at LE 3.96 million.