EGX Indices Opened This Week Mixed, Benchmark Falls 0.01%

By Yomna Yasser On Feb 24, 2013

The Egyptian Exchange has opened this week posting early gains of EGP 100 million backed by the non-Arab foreign buyers. The capital market has amounted to EGP 381.049 billion, according to data compiled by Amwal Al Ghad at 11:05 a.m. Cairo time (09:05 GMT) during Sunday’s opening session.

The EGX indices opened mixed.

Benchmark EGX30 fell by 0.01% to 5626.39 p; while EGX20 dipped by 0.08% to 6522.16 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.04% to 476.67 p. Price index EGX100 remained with no change at 807.38 p.

This was after trading in 75 listed securities; 14 declined, 21 advanced; while 40 keeping their previous levels.

During Sunday’s opening session, the trading volume has reached 2.031 million securities worth EGP 8.530 million, exchanged 696 transactions.

EGX early gains were backed by the non-Arab foreigners’ buying transactions as they were net buyers seizing 6.25% of the total markets, with a net equity of EGP 671.149 thousand excluding the deals.

Meanwhile, Egyptians and Arabs were net sellers seizing 91.81% and 1.94% respectively, of the total markets, with a net equity of EGP 383.179 thousand and EGP 287.970 thousand excluding the deals.