EGX 30 Back To Rally, Opens 1.46% Higher

The Egyptian Exchange (EGX) has opened Thursday’s session posting remarkable gains of EGP 3.4 billion backed by Arab buyers.

The capital market has amounted to EGP 360.812 billion, according to data compiled by Amwal Al Ghad English at 11:05 a.m. Cairo time (09:05 GMT) during Thursday’s opening session.

The EGX indices opened in green notes on Thursday.

Benchmark EGX30 climbed by 1.46% to 5228.16 p; while EGX20 hiked by 1.80% to 6079.19 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.97% to 452.65 p.  Price index EGX100 advanced by 1.08% to 754.92 p.

During Thursday’s opening session, the trading volume has reached 19.339 million securities worth EGP 62.263 million, exchanged through 2.816 transactions.

This was after trading in 94 listed securities; 2 declined, 71 advanced; while 21 keeping their previous levels.

Arabs’ buying transactions have backed EGX’s opening gains as they were net buyers seizing 11.36% of the total markets, with a net equity of EGP 4.704 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners’ were net sellers seizing 68.01% and 20.62% respectively, of the total markets, with a net equity of EGP 4.091 million and EGP 613.142 thousand, excluding the deals.