EGX 30 Opens Week Above 5718 Pts On Local Buyers

The Egyptian Exchange has opened this week posting gains of EGP 481 million backed by local buyers. The capital market has amounted to EGP 386.922 billion, according to data compiled by Amwal Al Ghad at 11:05 a.m. Cairo time (09:05 GMT) during Sunday’s opening session.

The EGX indices opened this week in green.

Benchmark EGX30 rose by 0.05% to 5718.94  p; while EGX20 inched up by 0.40% to 6692.34 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.58% to 492.23 p.  Price index EGX100 increased by 0.29% to 826.21 p.

This was after trading in 95 listed securities; 8 declined, 66 advanced; while 21 keeping their previous levels.

During Sunday’s opening session, the trading volume has reached 11.239 million securities worth EGP 41.349 million, exchanged 2.525 thousand transactions.

The EGX opening gains were backed by local buying transactions as Egyptians were net buyers seizing 84.76% of the total markets, with a net equity of EGP 3.163 million excluding the deals.

Meanwhile, Arabs and the non-Arab foreigners were net sellers seizing 7.65% and 7.58% respectively, of the total markets, with a net equity of EGP 559.252 thousand and EGP 2.604 million excluding the deals.