Egypt: EGX 30 Climbs 2.1%m, Marks 9300 Level at Midday

Egypt’s stocks post 5.5 billion Egyptian pounds in gains at Sunday’s midday trade bolstered by foreign investors’ strong buying appetite. Accordingly, this was followed by a 2.1% surge in the country’s main stock index, EGX30 which crosses 9300 level.

Indices

The Benchmark EGX30 climbed by 2.10% to 9306.91 p; while EGX20 soared by 2.17% to 10738.59 p.

In addition, the mid- and small-cap index, the EGX70 inched up by 1.30% to 617.82 p. Also, the Price index EGX100 hiked 1.45% to 1126.02 p.

Furthermore, market capitalization reached EGP 509.738 billion, according to data compiled by Amwal Al Ghad English at 13:07 p.m. Cairo time (11:07 GMT).

Trading Volumes & Values

The trading volume has recorded 130.693 million securities worth EGP 524.673 million, exchanged through 18.526 transactions during Sunday midday.

Also during the midday session, 160 listed securities have been traded in; 21 fell, 119 advanced; while 19 keeping their previous levels.

Investors’ Activities

Local

Arab and the non-Arab foreign investors were net buyers at midday trade capturing 6.39% and 6.26 % respectively of the total markets, with a net equity of EGP 22.944 million and EGP 5.887 million, excluding the deals.

On the other hand, local investors were net sellers seizing 87.35% of the total market, with a net equity of EGP 28.831 million, excluding the deals.