Egypt’s stocks soared at midday trade on Monday registering gains worth 4.4 billion Egyptian pounds powered by non-Arab foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 has surpassed 8905 points.
The Egyptian Exchange (EGX)’s indices were wavering in green notes during the midday session of Monday.
The Benchmark EGX30 climbed by 1.21% to 8908.47 p, and EGX20 hiked by 0.90% to 10594.86 p.
In addition, the mid- and small-cap index, the EGX70 inched up by 1.06% to 630.14 p. Yet, the Price index EGX100 surged by 0.96% to 1114.23 p.
Furthermore, market capitalization reached EGP 502.826 billion, according to data compiled by Amwal Al Ghad English at 12:30 p.m. Cairo time (10:30 GMT).
Trading Volumes & Values
The trading volume has recorded 82.912 million securities worth EGP 295.881 million, exchanged through 13.933 transactions during Monday midday.
Also during the midday session, 149 listed securities have been traded in; 23 fell, 106 advanced; while 20 keeping their previous levels.
The non-Arab foreign investors were net buyers at midday trade capturing 12.58% of the total market, with a net equity of EGP 40.486 million, excluding the deals.
On the other hand, Egyptian and Arab and investors were net sellers seizing 83.66% and 3.76% respectively of the total markets, with a net equity of EGP 35.711 million and EGP 4.775 million, excluding the deals.