Egypt stocks start week higher, benchmark 0.42% up

Egypt’s stocks traded higher Sunday boosted by Arab investors’ buying appetite. Main index, EGX30 inched up 0.42 percent, to 8352.27 points.

Other indices; EGX50 EWI index also rose 0.36 percent, to 1409.46 points; EGX20 added 0.68 percent, to 8480.84 points.

Mid- and small-cap index EGX70 dipped 0.04 percent, to 365.01 points. Price index, EGX100 picked up 0.16 percent, to 812.02 points.

Market Cap

Market capitalisation gained 1.6 billion Egyptian pounds ($180.2 million), to record 418.286 billion pounds during the closing session of Sunday.

Turnovers lower

The bourse’s trading volume reached 119.423 million securities, with turnovers, closing at 534.770 million pounds, exchanged through 14,654 transactions.

Also during the closing session, 160 listed securities have been traded in, 54 declined, 56 advanced; while 47 kept their previous levels.

Investors’ Activities

Arab investors were net buyers capturing 2.76 percent of the total market, with a net equity of 4.387 million pounds, excluding the deals.

On the contrary, local and non-Arab foreign investors were net sellers controlling 92.54 and 4.7 percent respectively of the total markets, with a net equity of 4.343 million pounds and 43,789 pounds, respectively, excluding the deals.