Indices in Egypt gain EGP1.4 billion on Monday

Egypt’s stocks gain on Monday 1.4 billion Egyptian pounds (US$183.6 million) powered by foreign investors’ buying appetite. The country’s benchmark index, EGX30 also continued its upward trend to close trading above 9710 points.

The rest of the Egyptian Exchange’s indices were also wavering on green positive notes during the closing session of Monday, except for the mid- and small-cap index EGX70, which solely fell.

Indices:

The benchmark index, EGX30 grew by 0.78 percent to close at 9713.61 points. EGX20 rose by 0.60 percent to 10754.89 points.

In addition, the mid- and small-cap index EGX70 slumped by 0.28% to 566.38 points. The price index, EGX100 advanced by 0.03% to 1136.14 points.

Turnovers still below EGP1 billion
On Monday, the trading volume has reached 112.875 million securities, with turnovers closed at EGP 594.599 million, exchanged through 19.287 thousand transactions.

Also during the closing session, 178 listed securities have been traded in; 79 declined, 62 advanced; while 35 kept their previous levels.

Furthermore, the market capitalization recorded EGP 518.019 billion on Monday.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Monday capturing 25.95% and 6.32% respectively of the total markets, with a net equity of EGP 26.417 million and EGP 3.661 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 67.73% of the total market, with a net equity of EGP 30.078 million, excluding the deals.