Egypt stocks rebound, surge 3.14%

Egyptian stock market ended Monday with gains estimated at 6.4 billion Egyptian pounds (US$275.8 million) after days of massive losses following the drop in global oil prices.

The market capitalisation has reached 386.251 billion Egyptian pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 surged 3.14 percent to 5941.19 points.

The EGX50 EWI index went up 3.09 percent to 1043.71 points.

EGX20 increased 3.78 percent to 5900.64 points.

In addition, the mid- and small-cap index EGX70 jumped 3.11 percent to 341.6 points. The price index, EGX100 boosted  2.14 percent to 695.11 points.

Turnovers up

On Monday, the bourse’s trading volume hit 246.243  million securities, with turnovers closed at 1.135 billion pounds, exchanged through 18,392  thousand transactions.

Also during the closing session, 165 listed securities have been traded in; 14 declined, 106 advanced; while 45 kept their previous levels.

Investors’ Activities

Egyptian and Arab investors were net buyers on Monday capturing 90.69 percent and 4.3 percent respectively of the total markets, with a net equity of 8.963 million pounds and 57.826 million pounds, respectively, excluding the deals.

On the contrary, the foreign investors were net sellers getting 5.07 percent of the total market, with a net equity of 66.790 million pounds, excluding the deals.