Egypt Shares Open Week Higher, Main Gauge Nears 6200 pts

Shares in Egypt opened this week with gains of EGP 1.1 billion backed by local and Arab net buyers. The benchmark index started higher to near 6200 points on Sunday.

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

The Benchmark EGX30 rose by 0.26% to 6198.01 p; while EGX20 steadied at 7239.51 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.18% to 517.53 p.  Price index EGX100 advanced by 0.25% to 869.55 p.

The capital market has reached EGP 403.405 billion on Sunday, according to data compiled by Amwal Al Ghad English at 10.59 a.m. Cairo time (08:59 GMT).

Trading Volumes & Values

The trading volume has recorded 3.970 million securities worth EGP 13.108 million, exchanged through 890 transactions during Sunday opening.

Also during the opening session, 86 listed securities have been traded in; 16 fell, 35 advanced; while 35 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers as they acquired 94.87% and 0.68% respectively of the total markets, with a net equity of EGP 811.217 thousand and EGP 145.715 thousand respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 4.45% of the total market, with a net equity of EGP 956.932 thousand, excluding the deals.