Egypt Stocks Open New Higher, EGX30 Crosses 9305

Egypt’s stocks opened a new week higher with gains amounting to 1.3 billion Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. In return, the country’s main stock index, EGX30 started trading on Sunday above 9305 points.

The Egyptian Exchange (EGX)’s indices were wavering on green notes during the opening session of Sunday.

Indices

The Benchmark EGX30 hiked by 0.50% to 9306.8 p. In addition, EGX20 went up by 0.75% to 10859.43 p.

The mid- and small-cap index, the EGX70 also climbed by 1.42% to 635.14 p.  Price index EGX100 pushed up by 1.06% to 1137.47 p.

Furthermore, market capitalization reached EGP 540.819 billion, according to data compiled by Amwal Al Ghad English at 11:03 a.m. Cairo time (09:03 GMT).

Trading Volumes & Values

The trading volume has reached 40.673 million securities worth EGP 106.099 million, exchanged through 4291 transactions during Sunday opening.

Also during the opening session, 115 listed securities have been traded in; 14 fell, 83 advanced; while 18 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers at early trade capturing 75.08% and 4.45% respectively of the total markets, with a net equity of EGP 6.030 million and EGP 1.532 million, excluding the deals.

On the other hand, Arab investors were net sellers seizing 20.47% of the total market, with a net equity of EGP 7.563 million, excluding the deals.