EGX30 Opens EGP 4.8 bln Up

By Administrator On Sep 16, 2012

During Sunday opening session, the Egyptian Exchange (EGX) has posted early gains of EGP 4.8 billion as the capital market has amounted to EGP 396.699billion, according to data compiled by Amwal Al Ghad at 11:00 a.m. Cairo time (09:00 GMT).

This came while shareholders are awaiting the results of the Extraordinary General Assembly of EGF-Hermes (HRHO) that concerns seizing 60% of Q Invest.

The main index, EGX30 rose by 1.39% to hit 5740.99p. EGX20 rose by 1.53% to reach 6754.61p.

Meanwhile, the mid- and small-cap index, the EGX70 gained 2.29% to hit 555.46pts. Price index EGX100 rose by 1.86 % to reach 915.34p.

Traded volume reached 14.307million securities worth EGP 34.607 million, exchanged 1.948 thousand transactions.

This was after trading in 102 listed securities; 4 declined 92 advanced while 6 keeping their previous levels.

Non-Arab Foreigners were net buyers seizing 10.4% of the total markets, with a net equity of EGP 2.202 million excluding the deals.

On the other hand, Egyptians and Arabs were net sellers seizing 84.83 % and 4.78 % respectively, of the total markets, with a net equity of EGP 1.933 million and EGP 269.734 thousands excluding the deals.