Egypt Shares Open Higher, Benchmark Hits 5240 pts

Egypt’s stocks opened higher on Thursday posting gains of EGP 715 million backed by local and non-Arab foreign buyers. The benchmark rose to cross below 5240 pts on early Thursday.

The Egyptian Exchange’s indices were wavering in green notes during the opening session of Thursday.

Benchmark EGX30 went up by 0.28% to 5240.68 p; while EGX20 rose by 0.19% to 6073.52 p.

On the other hand, the mid- and small-cap index, the EGX70 increased by 0.16% to 436.26 p.  Price index EGX100 advanced by 0.25% to 739.72 p.

The capital market has reached EGP 353.198 billion during the opening session of Thursday, according to data compiled by Amwal Al Ghad English at 11:00 a.m. Cairo time (09:00 GMT).

Trading Volumes & Values

The trading volume has recorded 3.660 million securities worth EGP 9.907 million, exchanged through 825 transactions during Thursday opening.

Also during the opening session, 61 listed securities have been traded in; 4 fell, 40 advanced; while 17 keeping their previous levels.

Investors’ Activity

Egyptians and the non-Arab foreigners were net buyers seizing 90.92% and 7.41% respectively, of the total market, with net equities of EGP 104.938 thousand and EGP 34.371 thousand, excluding the deals.

Meanwhile, Arabs were net sellers have seized 1.68% of the total market, with a net equity of EGP 139.309 thousand, excluding the deals.