EGX 30 Climbs 2.70% On Foreigners’ Opening Buying Deals

During Sunday opening session, the Egyptian Exchange (EGX) has posted early gains of EGP 5.6 billion as the capital market has amounted to EGP 344.998 billion, according to data compiled by Amwal Al Ghad at 11:03 a.m. Cairo time (09:03 GMT).

The EGX indices opened in green during opening session.

The main index, EGX30 climbed by 2.70% to 4937.42 p. EGX20 soared by 2.59% to 5681.45 p.

Meanwhile, the mid- and small-cap index, the EGX70 surged by 1.33% to 434.72 p.  Price index EGX100 jumped by 2.18% to 729.9 p.

This was after trading in 94 listed securities; 3 declined, 70 advanced; while 21 keeping their previous levels.

EGX’s early gains were backed by  non-Arab foreigners and Arabs’ buying deals as they were net buyers seizing 19.72% and 7.78% respectively, of the total markets, with a net equity of EGP 5.869 million and EGP 771.905 thousand excluding the deals.

On the other hand, Egyptians were net sellers seizing 72.5% of the total markets, with a net equity of EGP 6.641 million excluding the deals.

Traded volume reached 18.363 million securities worth EGP 38.307 million, exchanged 2.264 thousand transactions.