As Violence Eases, Egypt Shares Gain EGP2 bln at Open

Egypt’s stocks opened this week higher posting gains of EGP 2.36 billion backed by local and Arab buyers. The benchmark climbed to cross 5335 pts on early Sunday.

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

Benchmark EGX30 inched up by 1.36% to 5339.22 p; while EGX20 surged by 1.40% to 6208.13 p.

On the other hand, the mid- and small-cap index, the EGX70 increased by 0.96% to 445.73 p.  Price index EGX100 advanced by 0.94% to 753.91 p.

The capital market has reached EGP 357.109 billion during the opening session of Sunday, according to data compiled by Amwal Al Ghad English at 11:04 a.m. Cairo time (09:04 GMT).

Trading Volumes & Values

The trading volume has recorded 16.444 million securities worth EGP 33.787 million, exchanged through 1852 transactions during Sunday opening.

Also during the opening session, 103 listed securities have been traded in; one solely fell, 103 advanced; while 26 keeping their previous levels.

Investors’ Activity

Egyptians and Arabs were net buyers backing EGX’s early gains as they seized 82.66% and 7.45% respectively, of the total market, with net equities of EGP 2.047 million and EGP 1.206 million, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers have seized 9.89% of the total market, with a net equity of EGP 3.254 million, excluding the deals.