Cairo bourse edges up 0.19% with $191mn gains

Egyptian stock market rose by 0.19 percent with gains estimated at 1.7 billion Egyptian pounds (US$191.4 million) despite local and Arab investors’ sell off.

The market capitalisation recorded 405.841 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 rose by 0.19 percent to 7494.1 points.

The EGX50 EWI index went up 1.03 percent to 1408.95 points.

EGX20 increased by 0.71 percent to 7975.15 points.

In addition, the mid- and small-cap index EGX70 boosted by 0.83 percent to 368.96 points. The price index, EGX100 jumped 0.76 percent to 794.97 points.

Turnovers

On Monday, the bourse’s trading volume has hit 401.625 million securities, with turnovers closed at 984.811 million pounds, exchanged through 28,713 thousand transactions.

Also during the closing session, 182 listed securities have been traded in; 51 declined, 96 advanced; while 32 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday seizing 81.49% and 14.69% respectively of the total markets, with a net equity of EGP 8.230 million and EGP 21.236 million, respectively, excluding the deals.

On the contrary, the foreign investors were net buyers getting 3.82% of the total market, with a net equity of EGP 29.466 million, excluding the deals.