Egypt Stocks Gain EGP1.1 billion, EGX30 Nears 8350 at Midday

Egypt’s stocks posted gains worth 1.1 billion Egyptian pounds during midday session of Monday, powered by foreign investors’ buying appetite. Accordingly, the main stock index, EGX30 surged crossing 8345 points.

Meanwhile, the EGX indices were wavering in green notes during the midday session of Monday.

Indices

The Benchmark EGX30 inched up by 0.39% to 8347.86 p, and EGX20 rose by 0.38% to 10093.02 p.

In addition, the mid- and small-cap index, the EGX70 increased by 0.26% to 591.96 p.  Price index EGX100 also grew by 0.25% to 1040.19 p.

Furthermore, market capitalization reached EGP 482.088 billion, according to data compiled by Amwal Al Ghad English at 12:27 p.m. Cairo time (09:27 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 39.226 million securities worth EGP 1.320 billion, exchanged through 6097 transactions during Monday midday.

Also during the midday trade, 126 listed securities have been traded in; 23 fell, 57 advanced; while 42 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors and Arab investors were net buyers at midday trade on Monday capturing 1.22% and 6.64% respectively of the total markets, with a net equity of EGP 9.386 million and EGP 152.921 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 92.14% of the total market, with a net equity of EGP 162.308 million, excluding the deals.