Halting its seven-week fall, stock market gained Sunday 12,15 billion Egyptian pounds (US$1,5 billion) triggered by Emaar Misr that debuted today.
The market capitalisation has recorded 496,131 billion pounds during the closing session of Sunday.
Shares in Emaar Misr, the Egyptian arm of UAE real estate developer Emaar Properties, climbed 3.94 Egyptian pounds (US$0.51) on its market debut at early trade. The developer set the initial public offering (IPO) price at 3.80 Egyptian pounds, with its second tranche oversubscribed by about 36 times.
The benchmark index, EGX30 pushed lower 1.16 percent to 8218.25 points. EGX20 also tumbled 0.95 percent to 8382.5 points.
Meanwhile, the mid- and small-cap index EGX70 dropped 0.85 percent to 438.1 points.
The price index, EGX100 slipped 0.84 percent to 928.68 points.
On Sunday, the bourse’s trading volume has reached 227,434 million securities, with turnovers closed at 722,760 million pounds exchanged through 19,873 thousand transactions.
Also during the closing session, 152 listed securities have been traded in; 84 declined, 32 advanced; while 34 kept their previous levels.
Arab investors were net sellers Sunday seizing 12.78% of the total market, with a net equity of EGP 91,897 million, excluding the deals.
On the contrary, local and the non-Arab foreign investors were net buyers capturing 75.93% and 11.28% respectively of the total markets, with a net equity of EGP 89,602 million and EGP 2,295 million, respectively, excluding the deals.