Cairo bourse posts gains of $131mn, main index rises 0.36%

Egyptian stock market attained gains estimated at 1.17 billion Egyptian pounds (US$131.8 million) on Monday despite local and Arab sell off.

The market capitalisation recorded 415.911 billion pounds during the closing session of Monday.

Indices:

Egypt’s main index, EGX30 rose by 0.36 percent to 8270.76 points.

The EGX50 EWI index increased by 0.26 percent to 1387.23 points.

EGX20 hiked by 0.67 percent to 8369.13 points.

In addition, the mid- and small-cap index EGX70 edged up by 0.25 percent to 357.58 points. The price index, EGX100 boosted by 0.17 percent to 818.21 points.

Turnovers down

On Monday, the bourse’s trading volume recorded 117.660 million securities, with turnovers closed at 560.525 million pounds, exchanged through 15,564 thousand transactions.

Also during the closing session, 174 listed securities have been traded in; 61 declined, 58 advanced; while 52 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday getting 80.26 percent and 7.46 percent respectively of the total markets, with a net equity of 42.672 million pounds and 18.929 million pounds, respectively, excluding the deals.

On the contrary, non-Arab investors were net buyers seizing  12.28 percent of the total market, with a net equity of 61.601 million pounds, excluding the deals.