Egypt stocks resume rally, main index 0.26% up

Big 5

Egypt stock market rebounded Monday despite profit-taking after soaring last week in response to a currency devaluation move.

Egypt’s main index, EGX30 rose 0.38 percent, to 7494 points.

Additionally, EGX50 EWI index increased 0.26 percent, to 1362.71 points; while EGX20 edged up 0.42 percent, to 7752.81 points.

Mid- and small-cap index EGX70 grew 0.07 percent, to 360.66 points. Price index, EGX100 also went up 0.10 percent to 781.85 points.

Market Caps

Market capitalisation has incurred mild losses worth 597 million Egyptian pounds ($67.2 million), reaching 446.906 billion pounds during the closing session of Monday.

Turnovers fall

On Monday, the bourse’s trading volume hit 321.487 million securities, with turnovers closed at 742.073 pounds, exchanged through 27,625 transactions.

Also during the closing session, 177 listed securities have been traded in 80 declined, 61 advanced; while 34 kept their previous levels.

Investors’ Activities

Arab and Non-Arab investors were net sellers Monday controlling 5.8 and 11.51 percent respectively of the total markets, with a net equity of 1.006 million pounds and 14.155 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 82.69 percent of the total market, with a net equity of 15.161 million pounds, excluding the deals