Egypt’s stocks opened higher on Thursday posting gains of EGP 2.5 billion backed by local buyers. The benchmark index EGX 30 continued its rally to near 5495 pts.
The Egyptian Exchange’s indices were wavering in green notes this morning.
The Benchmark EGX30 edged up by 0.87% to 5494.97 p; while EGX20 advanced by 0.86% to 6396.43 p.
On the other hand, the mid- and small-cap index, the EGX70 went up by 0.46% to 465.72 p. Price index EGX100 increased by 0.45% to 781.65 p.
The capital market has opened at EGP 370.289 billion on Thursday according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT).
Trading Volumes & Values
The trading volume has recorded 16.612 million securities worth EGP 63.650 million, exchanged through 2676 transactions during Thursday opening.
Also during the opening session, 90 listed securities have been traded in; 16 fell, 44 advanced; while 30 keeping their previous levels.
Egyptians were net buyers to back EGX’s opening gains seizing 79.34%, of the total markets, with a net equity of EGP 3.068 million excluding the deals.
Meanwhile, the non-Arab foreigners and Arabs were net sellers seizing 11.61% and 9.05% respectively of the total markets, with a net equity of EGP 1.215 million and EGP 1.853 million respectively, excluding the deals.