Egypt Indices Surge on Monday Powered by Foreign Strong Buying

Egypt’s stock market shares climbed on Monday reporting gains worth 3.8 billion Egyptian pounds (US$531.7 million) triggered by foreign investors’ strong buying appetite.

As a result, the country’s main stock index, EGX30 jumped to approach the level of 8960 points.

Indices

Egypt’s benchmark index EGX30 ended 2.44 per cent higher to 8958.13 pts; while EGX20 closed 2.55 per cent up to 10118.22 pts.

Meanwhile, the mid- and small-cap index, the EGX70 surged by 1.94 per cent to finish at 570.99 pts. The price index EGX100 grew by 1.36 per cent to conclude at 1087.39 pts.

Furthermore, the market capitalization recorded EGP 501.195 billion on Monday.

Turnovers below One billion Pounds
Through the closing session of Monday, the trading volume has reached 213.582 million securities, with turnovers worth EGP 884.663 million, exchanged through 29.394 thousand transactions.                  
Also during the closing session, 179 listed securities have been traded in; 23 declined, 135 advanced; while 18 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Monday capturing 25.58% and 5.65% respectively of the total markets, with a net equity of EGP 5.969 million and EGP 4.258 million, respectively, excluding the deals

On the other hand, local investors were net sellers seizing 68.78% of the total market, with a net equity of EGP 10.227 million, excluding the deals.