Stocks Offset Midday Gains, EGX30 Surges above 9305

Egypt’s stocks offset midday gains, to end trading on Sunday less higher, winning 316 million Egyptian pounds backed by foreign investors’ buying appetite. In addition, the country’s mains stock index, EGX30 remained higher, hovering around the levels of 9305 points.

The Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 2.10 per cent higher to 9306.65 pts; and EGX20 closed 2.07 per cent up to 10728.18 pts.

In addition, the mid- and small-cap index, the EGX70 surged by 1.31 per cent to finish at 617.92 pts. The price index EGX100 inched higher by 1.51 per cent to conclude at 1126.74 pts.  
Furthermore, the market capitalization recorded EGP 504.550 billion on Sunday.

Turnovers below EGP One billion
Through the closing session of Sunday, the trading volume has reached 204.344 million securities, with turnovers worth EGP 768.252 million, exchanged through 29.718 transactions.               
Also during the closing session, 175 listed securities have been traded in; 34 declined, 114 advanced; while 26 kept their previous levels.

Investors’ Activities

Arab and the non-Arab foreign were net buyers on Sunday capturing 8.32% and 6.42% respectively of the total markets, with a net equity of EGP 8.427 million and EGP 19.331 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 85.25% of the total market, with a net equity of EGP 37.758 million, excluding the deals.