Egypt’s stocks ended on Monday with gains totalling 2.5 billion Egyptian pounds powered by local investors celebrating the news of EGX’s winning the Most Innovative African Stock Exchange of the year Award by Africa Investor (AI).
Accordingly, the country’s main stock index, EGX30 climbed hovering around 9780 points level.
In addition, the Egyptian Exchange’s indices were wavering on green notes during the closing session of Monday.
EGX has won the “Most Innovative African Stock Exchange of the year Award” by Africa investor (Ai), a leading international investment and communications group.
This was during the Ai CEO Institutional Investment Summit, which took place recently at the New York Stock Exchange (NYSE).
The announcement was made in the presence of the biggest financial and investment institutions around the world which manages trillions of dollars worth of investments.
Egypt’s bourse chairman Mohamed Omran said “glade that we received this new international recognition after continuous effort in the last period to create a transition in the market performance,”
Egypt’s benchmark index EGX30 ended 1.84 per cent higher to 9779.95 pts; while EGX20 finished 1.87 per cent up to 11446.19 pts.
Meanwhile, the mid- and small-cap index, the EGX70 pushed up by 1.93 per cent to finish at 632.74 pts. The price index EGX100 also surged by 1.80 per cent to conclude at 1161.13 pts.
Furthermore, the market capitalization recorded EGP 525.576 billion on Monday.
Turnovers Still below EGP One billion
Through the closing session of Monday, the trading volume has reached 106.186 million securities, with turnovers worth EGP 583.290 million, exchanged through 20.020 transactions.
Also during the closing session, 174 listed securities have been traded in; 21 declined, 124 advanced; while 27 kept their previous levels.
Local investors were net buyers on Monday capturing 72.11% of the total market, with a net equity of EGP 45.925 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 18.22% and 9.67% respectively of the total markets, with a net equity of EGP 16.374 million and EGP 29.551 million, respectively, excluding the deals.