Egyptian Stocks End with EGP3.7 billion Gains, EGX30 Nears 9240

Egypt’s bourse ended higher on Monday, recording total gains of 3.7 billion Egyptian pounds powered by foreign investors’ strong buying appetite. In addition, the country’s main stock index, EGX30 jumped hovering around 9240 points level.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Monday.

Indices

Egypt’s benchmark index EGX30 ended 1.32 per cent higher to 9237.1 pts; while EGX20 finished 1.16 per cent up to 11061.01 pts.     
In addition, the mid- and small-cap index, the EGX70 grew by 0.22 per cent to finish at 634.4 pts. The price index EGX100 hiked by 0.72 per cent to conclude at 1132.71 pts.  
Furthermore, the market capitalization recorded EGP 512.328 billion on Monday.

Turnovers Still below EGP One billion
Through the closing session of Monday, the trading volume has reached 184.369 million securities, with turnovers worth EGP 830.068 million, exchanged through 27.638 transactions.               
Also during the closing session, 182 listed securities have been traded in; 62 declined, 93 advanced; while 25 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Monday attaining 10.95% and 4.4% respectively of the total markets, with a net equity of EGP 71.607 million and EGP 7.376 million respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 84.64% of the total market, with a net equity of EGP 78.984 million, excluding the deals.