EGX 30 Surges 1.59%, Ends Monday Above 5100 Pts

The Egyptian Exchange (EGX) has ended Monday’s session posting gains of EGP 3.6 billion backed by foreign buyers.

The capital market has reached to EGP 353.725 billion during Monday’s closing session.

The EGX indices flourished on Monday; closed in green notes.

Egypt’s benchmark index EGX30 surged by 1.59% to close at 5112.76 p; while EGX20 inched up by 1.11% to end at 5869.8 p.

Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.63% to conclude at 440.35 p.  Price index EGX100 hiked by 1.43% to finish at 736.26 p.

During Monday’s closing, the trading volume hit 99.895 million securities, less than Sunday’s 55.022 million securities, representing an increase of 44.873 thousand securities. For the traded value, it reached EGP 321.444 million, exchanged 17.636 thousand transactions.

This was after trading in 166 listed securities; 29 declined, 93 advanced; while 44 keeping their previous levels.

The non-Arab foreigners and Arabs’ buying transactions have backed EGX’s closing gains as they were net buyers seizing 34.46 % and 5.52% respectively, of the total markets, with a net equity of EGP 1.354 million and EGP 11.021 million excluding the deals.

Meanwhile, Egyptians were net sellers seizing 60.03% of the total markets, with a net equity of EGP 9.666 million, excluding the deals.