Egypt Stocks rebound, gain EGP5.8 billion on Monday

Egypt’s stock market shares edged up on Monday with gains worth 5.8 billion Egyptian pounds (around US$760 million) backed by local investors’ buying appetite.

Accordingly, the country’s main stock index, EGX30 also advanced above 9455 points.

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

Indices:

The EGX30 pushed up by 1.86 percent to close at 9456.33 points. EGX20 climbed by 2.07 percent to 10397.9 points.

In addition, the mid- and small-cap index EGX70 grew by 1.34% to 565.16 points. The price index, EGX100 hiked by 1.30% to 1126.48 points.

Turnovers rise
On Monday, the trading volume has reached 106.307 million securities, with turnovers climbed to EGP 884.241 million, exchanged through 17.435 thousand transactions.

Also during the closing session, 180 listed securities have been traded in; 28 declined, 124 advanced; while 17 kept their previous levels.

Furthermore, the market capitalization recorded EGP 515.018 billion on Monday.

Investors’ Activities

Local investors were net buyers on Monday capturing 80.69% of the total market, with a net equity of EGP 55.488 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors remained net sellers seizing 16.72% and 2.59% respectively of the total markets, with a net equity of EGP 34.847 and EGP 20.641 million, respectively, excluding the deals.