Rana Mamdouh _ The Egyptian Exchange (EGX) indices opened Wednesday's session with a collective rise. The main index, EGX30, gained 1.14% to trade at the level of 52,682 points.
The equal-weighted indices, EGX70 and EGX100, rose by 0.96% and 0.85%, respectively.
Trading Volumes Record EGP 1.17 Billion
Trading volumes on the Egyptian Exchange reached EGP 1.172 billion across 210 companies through 26,939 transactions.
Market prices of 112 companies' shares increased, against a decline in 36 companies, while the prices of 62 companies remained unchanged.
Arab and Foreign Investors Net Buyers, while Egyptians Tend Towards Selling
Transactions of foreign investors leaned towards buying, recording a net value of EGP 95.445 million, supported by institutions which recorded net purchases of EGP 97.585 million, against net sales of EGP 2.139 million by individuals.
Arab investors recorded net purchases worth EGP 3.977 million, driven by retail investors who achieved net purchases of EGP 4.504 million, compared to net sales of EGP 527.325 thousand by institutions.
Selling trends dominated Egyptian investors' transactions, recording net sales of EGP 99.423 million, including EGP 57.797 million from institutions and EGP 41.625 million from individuals.
Pioneers Properties Top Gainer Stock, Rising by 10.23%
Pioneers Properties for Urban Development – PRE Group topped the top gainers list, surging by 10.23%, followed by Talaat Moustafa Group Holding by 7.19%, and MB Engineering by 6.42%.
Qarra Energy Subscription Rights Top Losers List, Falling by 11.11%
Regarding top loser stocks, the subscription rights for Qarra Energy and Investment Projects topped the list, dropping by 11.11%, followed by Qarra Energy and Investment Projects stock by 10.57%, and El Nasr Clothing and Textiles (KABO) by 3%.
