EGX 30 Climbs Above 5000 Pts Powered By Foreign Buyers; Opening

The Egyptian Exchange (EGX) has opened this week session posting gains of EGP 1.05 billion backed by foreign buying transactions.

The capital market has amounted to EGP 349.761 billion, according to data compiled by Amwal Al Ghad English at 11:00 a.m. Cairo time (09:00 GMT) during Sunday’s opening session.

The EGX indices opened in green notes.

Benchmark EGX30 inched up by 0.49% to 5009.44 p; while EGX20 rose by 0.43% to 5777.18 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.15% to 434.68 p.  Price index EGX100 increased by 0.23% to 726.01 p.

During Sunday’s opening session, the trading volume has reached 11.288 million securities worth EGP 12.579 million, exchanged through 995 transactions.

This was after trading in 58 listed securities; 6 declined, 31 advanced; while 21 keeping their previous levels.

Arabs and non-Arab foreigners’ buying transactions have backed EGX’s opening gains as they were net buyers seizing 4.65% and 4.47% respectively, of the total markets, with a net equity of EGP 568.685 thousand and EGP 127.416 thousand, excluding the deals.

Meanwhile, Egyptians were net sellers seizing 90.88% of the total markets, with a net equity of EGP 696.101 thousand excluding the deals.