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Egyptians Are Saving 44 Billion Egyptian Pounds Cash, Stock Exchange Reveals Where Savings Are Hidden

Egyptians Are Saving 44 Billion Egyptian Pounds Cash, Stock Exchange Reveals Where Savings Are Hidden

According to data from the Egyptian Exchange, Egyptian investors accounted for 92.7% of the total stock trading during the past week, recording a net purchase of 465.2 million Egyptian pounds, which reflects their stability in the market. Meanwhile, foreign investors recorded a net sale of 8.565 billion pounds since the beginning of the year, despite their weekly transactions showing a net purchase of 465.2 million pounds. The report also indicated that Egyptian institutions were the most supportive of the market during this period, achieving a net purchase of 37.7 million pounds. On the other hand, individual Egyptian investors contributed by purchasing 43.96 billion pounds worth of shares, while their sales amounted to 44.1 billion pounds, resulting in a slight net selling of 140.4 million pounds. Despite the pressures, institutional investors continue to play a supportive role in the market.

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