EGX 30 Opens This Week 0.09% Up, While OCI Falls 1.24%

The Egyptian Exchange has opened this week posting early gains of EGP 372 million backed by local buyers.

The capital market has amounted to EGP 361.764 billion, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (09:01 GMT) during Sunday’s opening session.

The EGX indices opened in green notes.

Benchmark EGX30 inched up by 0.09% to 5212 p; while EGX20 rose by 0.52% to 6214.39 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.30 % to 457.54 p.  Price index EGX100 went up by 0.13% to 759.04 p.

This was after trading in 81 listed securities; 8 declined, 45 advanced; while 28 keeping their previous levels.

During Sunday’s opening session, the trading volume has reached 11.382 million securities worth EGP 23.575 million, exchanged 1.575 transactions.

EGX opening gains were backed by local buying transactions as they were net buyers seizing 85.66% of the total markets, with a net equity of EGP 2.983 million excluding the deals.

Meanwhile,  the non-Arab foreign and Arabs were net sellers seizing 9.6% and 4.73% respectively, of the total markets, with a net equity of EGP 2.039 million and EGP 944.466 thousand excluding the deals.

For the leading EGX-listed firms’ stocks, Orascom Construction Industries – OCI (OCIC.CA)’s continued falling by 1.24% to EGP 226.50.

Orascom Telecom Holding (OTH) (ORTE)’s stock dipped by 0.48 % to EGP 4.15.

Orascom Telecom Media And Technology Holding SAE (OTMT.CA)’s stock pushed up by 1.32% to EGP 0.77.

Additionally, EFG-Hermes’ stock went up by 0.92% to EGP 11.00.