EGX 30 Solely Falls, Hits 5386 pts at Opening

Egypt’s stock market has opened higher on Thursday posting early gains of EGP 1.7 billion. However, the benchmark solely dropped to 5386 pts.

For the EGX indices, they were wavering in green notes during the opening session of Thursday, except for EGX 30.

Benchmark EGX30 dipped by 0.05% to 5386.9 p; while EGX20 rose by 0.03% to 6270.7 p.

On the other hand, the mid- and small-cap index, the EGX70 increased by 0.21% to 441.79 p.  Price index EGX100 surged by 0.14% to 750.47 p.

The capital market has reached EGP 358.186 billion during the opening session of Thursday, according to data compiled by Amwal Al Ghad English at 11:12 a.m. Cairo time (09:12 GMT).

Trading Volumes & Values

The trading volume has recorded 6.336 million securities worth EGP 14.034 million, exchanged through 1062 transactions during Thursday opening.

Also during the opening session, 72 listed securities have been traded in; 18 fell, 20 advanced; while 34 keeping their previous levels.

Investors’ Activity

Arabs were net buyers boosting EGX’s early gains, seizing 9.91% of the total market, with a net equity of EGP 2.352 million, excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers seizing 82.36% and 7.73% respectively, of the total market, with net equities of EGP 1.174 million and EGP 1.178 million, excluding the deals.