EGX 30 Solely Falls at Open, Hits 5487 pts

Egypt’s stocks started this week higher posting gains of EGP 713 million backed by local and Arab buyers. However, the benchmark index EGX 30 dropped below 5488 pts early Sunday.

The Egyptian Exchange’s indices were wavering in green notes this morning, except for the EGX 30.

The Benchmark EGX30 edged down by 0.01% to 5487.73 p; while EGX20 advanced by 0.05% to 6386.26 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.34% to 466.55 p.  Price index EGX100 increased by 0.35% to 784.38 p.
The capital market has opened at EGP 371.193 billion on Sunday according to data compiled by Amwal Al Ghad English at 11:09 a.m. Cairo time (09:09 GMT).

Trading Volumes & Values

The trading volume has recorded 19.706 million securities worth EGP 53.787 million, exchanged through 2956  transactions during Thursday opening.

Also during the opening session, 85 listed securities have been traded in; 16 fell, 38 advanced; while 31 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers seizing 86.61% and 7.73% respectively of the total markets, with a net equity of EGP 2.143 million and EGP 1.070 million respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 5.67%, of the total markets, with a net equity of EGP 3.214 million excluding the deals.