As New Week Begins, Egypt Stocks Open Higher with EGP2.3bn Gains

Egyptian stocks opened a new week higher with gains worth 2.3 billion Egyptian pounds powered by foreign buying appetite. In return, the main stock index – EGX30 surged at early trading to near 7780 points on Sunday.

The Egyptian Exchange indices were wavering on green notes during the opening session of Sunday.

The Benchmark EGX30 inched up by 0.98% to 7776.86 p, and EGX20 climbed by 1.17% to 9294.11 p.

Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.89% to 579.37 p.  Price index EGX100 increased by 0.85% to 1018.02 p.

Furthermore, market capitalization reached EGP 463.619 billion, according to data compiled by Amwal Al Ghad English at 11:24 a.m. Cairo time (09: 24 GMT).

Trading Volumes & Values

The trading volume has recorded 53.341 million securities worth EGP 168.313 million, exchanged through 4687 transactions during Sunday opening.

Also during the opening session, 114 listed securities have been traded in; 13 fell, 75 advanced; while 26 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at early trading on Sunday capturing 3.29% and 17.28% respectively of the total markets, with a net equity of EGP 6.455 million and EGP 39.954 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 79.43% of the total market, with a net equity of EGP 46.410 million, excluding the deals.