Egypt Stocks start this Week higher as local buys

Egypt’s stock market shares rebounded on Sunday to post gains worth 2.3 billion Egyptian pounds (US$301.4 million) backed by the return of local investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 also advanced above 9060 points.

The market capitalization recorded EGP 502.186 billion on Sunday.

Indices:

The main stock index, EGX30 went up by 0.12 percent to close at 9062.99 points. EGX20 rose by 0.18 percent to 9684.87 points.

In addition, the mid- and small-cap index EGX70 surged by 1.05 percent to 507.32 points. The price index, EGX100 also grew by 0.63 percent to 1034.54 points.

Turnovers higher
On Sunday, the trading volume has reached 135.588 million securities, with turnovers closed at EGP 1.590 billion, exchanged through 12.256 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 32 declined, 96 advanced; while 31 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Sunday acquiring 18.78% of the total market, with a net equity of EGP 13.476 million, excluding the deals.

On the other hand, the non-Arab foreign investors and Arab investors were net sellers seizing 80.74% and 0.48% respectively of the total markets, with a net equity of EGP 11.634 million and EGP 1.842 million, respectively, excluding the deals.