Egypt’s bourse posted gains on Monday amounting to around 6 billion Egyptian pounds backed by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 rebounded during Monday’s sessions crossing 8830 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Monday, except for the mid- and small-cap index, EGX70 which solely dropped.
Egypt’s benchmark index EGX30 ended 1.34 per cent higher to 8832.28 pts; while EGX20 closed 1.11 per cent up to 9989.36 pts.
In addition, the mid- and small-cap index, the EGX70 fell by 0.19 per cent to finish at 579.77 pts. The price index EGX100 advanced by 0.35 per cent to conclude at 1084.11 pts.
Furthermore, the market capitalization recorded EGP 492.585 billion on Monday.
Turnovers below EGP one billion
Through the closing session of Monday, the trading volume has reached 191.561 million securities, with turnovers worth EGP 822.331 million, exchanged through 26.373 thousand transactions.
Also during the closing session, 183 listed securities have been traded in; 73 declined, 82 advanced; while 24 kept their previous levels.
The non-Arab foreign investors were net buyers on Monday capturing 16.09% of the total market, with a net equity of EGP 67.973 million, excluding the deals.
On the other hand, local and Arab investors were net sellers seizing 79.05% and 4.86% respectively of the total markets, with a net equity of EGP 64.874 million and EGP 3.098 million, respectively, excluding the deals.