Despite Unrest, EGX 30 Opens This Month 1.39% Higher

Despite the recent violence sparked off over the last two days, the Egyptian Exchange has opened this week posting gains of EGP 3.9 billion backed by foreign buyers. The capital market has amounted to EGP 380.852 billion during Sunday’s opening, according to data compiled by Amwal Al Ghad at 11:10 a.m. Cairo time (09:10 GMT).

The EGX indices opened in green.

The main index, EGX30 climbed by 1.39% to 5684.61 p. EGX20 pushed up by 1.57% to 6568.97 p.

Meanwhile, the mid- and small-cap index, the EGX70 surged by 1.47% to 472.38 p.  Price index EGX100 went up by 1.54% to 802.37 p.

This was after trading in 109 listed securities; 6 declined, 93 advanced; while 10 keeping their previous levels.

During Sunday’s opening session, the trading volume has reached 42.554 million securities worth EGP 126.664 million, exchanged 5.138 thousand transactions.

The EGX’s opening gains were backed by Arabs and the non-Arab foreigners’ buying transactions as they were net buyers seizing 43.33% and 2.82% respectively, of the total markets, with a net equity of EGP 7.313 million and EGP 145.066 thousand excluding the deals

Meanwhile, Egyptians were net sellers seizing 53.85% of the total markets, with a net equity of EGP  7.458 million excluding the deals.