EGX Gains EGP 1.4 Bln, Benchmark Ends Near 5740 Pts

The Egyptian Exchange (EGX) has extended posting gains to eventually reach EGP 1.4 billion during Monday’s closing session backed by the EU president’s announcement in regard to providing Egypt €5 billion in forms of loans and grants within this year . The capital market has reached to EGP 387.345 billion.

The EGX indices closed in green.

The main index, EGX30 went up by 0.66% to end at 5738.96 p. EGX20 inched up by 0.28% to close at 6629.39 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.24% to conclude at 488.16 pts.  Price index EGX100 increased 0.51% to finish at 826.24 p.

During Monday’s closing, the trading volume has reached 88.181 million securities worth EGP 364.991 million, exchanged 20.678  thousand transactions.

This was after trading in 177 listed securities; 71 declined, 66 advanced; while 40 keeping their previous levels.

Arabs and non-Arab foreigners were net buyers seizing 6.53% and 19.85% respectively, of the total markets, with a net equity of EGP 9.183 million and EGP 15.280 million excluding the deals.

Meanwhile, Egyptians were net sellers seizing 73.63% of the total markets, with a net equity of EGP 24.464 million excluding the deals.

Herman Van Rompuy, President of the European Council, announced on Sunday afternoon that the EU plans to  support Egypt’s economy and democratic transition through providing €5 billion in forms of outstanding loans and grants in 2013.

“The European Union and associated financial institutions have offered an amount of more than 5 billion euros, or more than $6.5 bln, in grants, concessional loans and loans for a period of 2012 and 2013 to support Egypt’s democratic transition,” Rompuy told reporters.