Despite Downgrade &Weekend Clashes, EGX 30 Opens This Week At 5240Pts

The Egyptian Exchange has opened this week posting early gains of EGP 897 million powered by Arabs’ buying transactions during Sunday’s opening session.

The capital market has amounted to EGP 362.456 billion, according to data compiled by Amwal Al Ghad English at 10:53 a.m. Cairo time (08:53 GMT) during Sunday’s opening session.

The EGX indices opened in green notes.

Benchmark EGX30 inched up by 0.30% to 5240.16 p; while EGX20 rose by 0.30% to 6144.48 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.30% to 454.77 p.  Price index EGX100 went up by 0.24% to 760.1 p.

During Sunday’s opening session, the trading volume has reached 6.974 million securities worth EGP 18.399 million, exchanged 1.240 transactions.

This was after trading in 76 listed securities; 8 declined, 26 advanced; while 42 keeping their previous levels.

Arabs’ buying transactions have contributed to EGX’s first-minute gains as they were net buyers seizing 1.29% of the total markets, with a net equity of EGP 1.714 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers seizing 97.55% and 1.16% respectively, of the total markets, with a net equity of EGP 1.150 million and EGP 564.380 thousand excluding the deals.