Egypt Main Gauge Edges up 0.7%, Hits 5550 at Open

Egypt’s stocks opened higher on Monday posting early gains of EGP 1.4 billion backed by foreign buyers. The benchmark index reached 5550 pts on Monday morning.

The Egyptian Exchange’s indices were wavering in green notes this morning.

The Benchmark EGX30 edged up by 0.68% to 5550.29 p; while EGX20 surged by 0.95% to 6488.03 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.49% to 472.5 p.  Price index EGX100 increased by 0.44% to 792.66 p.
The capital market has opened at EGP 373.031 billion on Monday according to data compiled by Amwal Al Ghad English at 11:13 a.m. Cairo time (09:13 GMT).

Trading Volumes & Values

The trading volume has recorded 23.178 million securities worth EGP 59.617 million, exchanged through 3646 transactions during Monday opening.

Also during the opening session, 95 listed securities have been traded in; 14 fell, 58 advanced; while 23 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers backing EGX’s early gains as they seized 6.51% and 5.96% respectively of the total markets, with a net equity of EGP 741.935 thousand and EGP 3.446 million respectively, excluding the deals.

Meanwhile, local investors were net sellers seizing 87.53%, of the total markets, with a net equity of EGP 4.188 million excluding the deals.