Cairo stocks rebound as local, non-Arab investors buy

Egypt’s stock market rose Monday as local and non-Arab foreign investors buy. Main index, EGX30 edged up 0.60 percent, to 8273.14 points.

Other indices; EGX50 EWI index added 0.53 percent, to 1415.41 points; EGX20 went up 0.58 percent, to 8527.63 points.

Mid- and small-cap index EGX70 increased 0.28 percent, to 362.65 points. Price index, EGX100 inched higher 1.02 percent, to 803.5 points.

Market Cap

Market capitalisation posted gains worth 1.4 billion Egyptian pounds ($157.6 million), to record 419.116 billion pounds during the closing session of Monday.

Turnovers

The bourse’s trading volume reached 417.369 million securities, with turnovers, closing at 945.799 pounds, exchanged through 23,439 transactions.

Also during the closing session, 173 listed securities have been traded in, 59 declined, 74 advanced; while 37 kept their previous levels.

Investors’ Activities

Local investors and Non-Arab foreign investors were net buyers controlling 74.1 and 19.27 percent respectively of the total markets, with a net equity of 12.887 million pounds and 6.141 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers capturing 6.63 percent of the total market, with a net equity of 19.028 million pounds, excluding the deals.