EGX 30 Nears 5500 Pts; Opening

During Monday’s opening session, the Egyptian Exchange (EGX) has posted gains of EGP 1.3 billion backed by foreign buying transactions. The capital market has amounted to EGP 375.799 billion, according to data compiled by Amwal Al Ghad at 11:05 a.m. Cairo time (09:05 GMT).

The EGX indices were in green during the opening session, except for the small-cap index.

The main index, EGX30 rose by 0.11% to 5448.09 p. EGX20 went up by 0.60% to 6317.52 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.17% to 479.98 p.  Price index EGX100 slumped 0.04% to 801.94 p.

This was after trading in 92 listed securities; 27 declined, 24 advanced; while 41 keeping their previous levels.

Arabs as well as the non-Arab foreigners’ buying transactions backed EGX’s opening gains as they were net buyers seizing 9.12% and 0.97%  respectively, of the total markets, with a net equity of EGP 2.087 million and EGP 225.712 thousand, excluding the deals.

Meanwhile, Egyptians were net sellers seizing 89.91% of the total markets, with a net equity of EGP 2.313 million excluding the deals.