Egyptian main index 0.75% up, market cap gains $178.8mn Monday

Egypt’s stock market rose Monday in line with foreign investors’ buying appetite, posting gains worth 1.4 billion Egyptian pounds (US$ 178.8 million).

Market capitalisation recorded 398.143 pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 edged up 0.75 percent to 6261.41 points.

EGX50 EWI index climbed 1.01 percent to 1203.75 points.

EGX20 grew 0.76 percent to 6221.86 points.

In addition, the mid- and small-cap index EGX70 hiked 0.56 percent to 355.72 points. Price index, EGX100 increased 0.23 percent to 730.82 points.

Turnovers remain humble

On Monday, the bourse’s trading volume has hit 226.962 million securities, with turnovers closed at 787.392 million pounds, exchanged through 23,229 thousand transactions.

Also during the closing session, 170 listed securities have been traded in; 60 declined, 62 advanced; while 44 kept their previous levels.

Investors’ Activities

Arab and foreign investors were net buyers Monday capturing 2.89 and 7.4 percent respectively of the total markets, with a net equity of 5.956 million pounds and 17.004 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers controlling 89.71 percent of the total market, with a net equity of 22.961 million pounds, excluding the deals.