Shares in Egypt Gain EGP 779 mln at Open Backed by Foreign Buyers

Egypt’s stocks opened slightly higher on Thursday posting gains of EGP 779 million backed by the non-Arab foreign net buyers. The benchmark index has crossed 5820 points. The capital market has opened at EGP 385.087 billion on Thursday.

The Benchmark EGX30 inched up by 0.38 % to 5823p; while EGX20 advanced by 0.44 % to 6851p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.35 % to 498p.  Price index EGX100 rose by 0.21 % to 836 p.

Trading Volumes & Values

The trading volume has recorded 2.5 million securities worth EGP 10 million, exchanged through 781 transactions during Wednesday opening.

Also during the opening session, 68 listed securities have been traded in; 7fell, 35 advanced; while 26 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers seizing 86.67%, of the total markets, with a net equity of EGP 149 million excluding the deals.

Meanwhile, Egyptian and Arab investors were net sellers as they seized 6.55%and 6.78% respectively of the total markets, with a net equity of EGP 84 million  and EGP 64 million respectively, excluding the deals.