Egypt: Bourse Rebounds on Sunday, but Stocks Mixed

Egypt’s indices ended mixed with gains totalling 347 million Egyptian pounds backed by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 increased to near 9275 points on Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.17 per cent higher to 9274.19 pts; and EGX20 closed 0.54 per cent up to 10746.37 pts.

On the other hand, the mid- and small-cap index, the EGX70 pushed down by 1.06 per cent to finish at 639.56 pts. The price index EGX100 sagged by 0.64 per cent to conclude at 1147.73 pts.  
Furthermore, the market capitalization recorded EGP 525.422 billion on Sunday.

Turnovers above EGP One billion
Through the closing session of Sunday, the trading volume has reached 275.004 million securities, with turnovers worth EGP 1.165, exchanged through 27.845 transactions.                 
Also during the closing session, 190 listed securities have been traded in; 109 declined, 59 advanced; while 16 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers capturing on Sunday 8.01% of the total market, with a net equity of EGP 16.767 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 85.69% and 6.3% respectively of the total markets, with a net equity of EGP 8.652 million and EGP 8.115 million, respectively, excluding the deals.