EGX 30 Opens 16% Up, Nears 5265Pts Backed By Local & Arab Buyers

The Egyptian Exchange has opened Monday’s session posting early gains of EGP 65 million powered by local and Arabs buying transactions.

The capital market has amounted to EGP 364.213 billion, according to data compiled by Amwal Al Ghad English between 11:00 and 11:05 a.m. Cairo time (09:00 and 9:05 GMT) during Monday’s opening session.

The EGX indices opened in green notes.

Benchmark EGX30 inched up by 0.16% to 5263.99 p; while EGX20 rose by 0.20% to 6149.66 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.06% to 458.68 p.  Price index EGX100 went up by 0.36% to 766.03 p.

During Monday’s opening session, the trading volume has reached 6.914 million securities worth EGP 14.634 million, exchanged 988 transactions.

This was after trading in 77 listed securities; 28 declined, 13 advanced; while 36 keeping their previous levels.

Local and Arab buying transactions have contributed to EGX’s first-minute gains as they were net buyers seizing 82.04% and 4.35% respectively, of the total markets, with a net equity of EGP 977.084 thousand and EGP 392.525 thousand excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 13.6% of the total markets, with a net equity of EGP 1.369 million excluding the deals.