Egyptians Buy Shares at EGP 26 Million a Minute

Egyptian investors bought shares at a reported pace of EGP 26 million a minute during this week’s trading, as domestic institutional investors recorded net purchases.

Egyptian institutions posted net buying of EGP 3.1 billion over the week, meaning the value of their purchases exceeded their sales by that amount.

Foreign investors moved in the opposite direction, recording net sales of EGP 5.6 billion. Their selling balance was larger than the net buying reported for Egyptian institutions.

The figures highlight contrasting positions among domestic institutions and foreign investors. The summary did not provide the trading totals or time period used to calculate the EGP 26 million-per-minute purchase rate.