Cairo stocks soar 2.8% ahead of Eid holidays

Egypt’s stock market climbed on Monday ahead of the Eid Al-Fitr holiday on Tuesday. Main index, EGX30 soared 2.88 percent, to 7182.8 points.

The Egyptian bourse announced Sunday that Eid Al-Fitr holiday will start from Tuesday, July 5th.

The trading activity will be resumed on Sunday, July 10th.

Other indices; EGX50 EWI index edged up 2.37 percent, to 1306.27 points; while EGX20 jumped 4.17 percent, to 7370.06 points.

Mid- and small-cap index EGX70 hiked 0.18 percent, to 354.07 points. Price index, EGX100 grew 0.83 percent, to 753.74 points.

Market Caps

Market capitalisation gained 6.1 billion Egyptian pounds ($694.5 million), to record 390.464 billion pounds during the closing session of Monday.

Turnovers inch higher

The bourse’s trading volume reached 179.941 million securities, with turnovers, closing at 1.040 billion pounds, exchanged through 19,643 transactions.

Also during the closing session, 155 listed securities have been traded in, 24 declined, 97 advanced; while 31 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers controlling 81.11 and 3.76 percent respectively of the total markets, with a net equity of 115.351 million pounds and 2.640 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign were net sellers capturing 15.13 percent of the total market, with a net equity of 117.991 million pounds, excluding the deals.