Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Non Egyptian Investors Record Purchase Of EGP 770 Million During 11 October Midday Trading Session

Date 22/10/2018

Trading was affected during middle of Thursday's (11 October) session because of the ownership transfer that is the result of the listing and IPO of Sarwa Capital. It resulted in the sale of Consolidated Financial Holding at a value of EGP 2.13 billion.

The foreign purchases within the same transaction amounted to EGP 569.3 million. Egyptians purchases in this same deal reached about EGP1 billion.

On the other hand, after eliminating the effect of the Sarwa IPO execution, the value of foreign purchases reached EGP 770.5 million while they sold at a value of  EGP 182 million.