Egypt’s EGX30 Hikes at Midday, Cross 9725 as Foreigners Buy

Egypt’s stocks recorded gains worth 1.7 billion Egyptian pounds during midday trade on Sunday powered by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 exceeded 9725 points.

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

Indices

The Benchmark EGX30 hiked by 0.81% to 9728.63 p, and EGX20 surged by 1.02% to 11721.24 p.

In addition, the mid- and small-cap index, the EGX70 rose by 0.32% to 662 p. Yet, the Price index EGX100 went up by 0.35% to 1180.93 p.

Furthermore, market capitalization reached EGP 530.928 billion, according to data compiled by Amwal Al Ghad English at 13:05 p.m. Cairo time (10:05 GMT).

Trading Volumes & Values

The trading volume has recorded 68.225 million securities worth EGP 405.588 million, exchanged through 13.243 transactions during Sunday midday.

Also during the midday session, 160 listed securities have been traded in; 55 fell, 62 advanced; while 43 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers at midday trade capturing 10.2% of the total market, with a net equity of EGP 31.173 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 77.59% and 12.21% respectively of the total markets, with a net equity of EGP 2.436 million and EGP 28.737 million, excluding the deals.