Egypt Main Index Opens Slightly Higher on Monday

Egypt’s stocks gained 214 million Egyptian pounds at early trade on Monday backed by foreign buying appetite. Accordingly, the main stock index EGX30 opened slightly higher to 7876 points.

The Egyptian Exchange indices were wavering on green notes during the opening session of Monday.

The Benchmark EGX30 went up by 0.02% to 7876.62 p, and EGX20 rose by 0.05% to 9378.4 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.13% to 589.85 p.  Price index EGX100 advanced by 0.09% to 1035.27 p.

Furthermore, market capitalization reached EGP 467.702 billion, according to data compiled by Amwal Al Ghad English at 11:20 a.m. Cairo time (09:20 GMT).

Trading Volumes & Values

The trading volume has recorded 38.124 million securities worth EGP 92.801 million, exchanged through 3940 transactions during Monday opening.

Also during the opening session, 97 listed securities have been traded in; 31 fell, 39 advanced; while 27 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers at early trade on Monday capturing 6.23% and 4.28% respectively of the total markets, with a net equity of EGP 2.097 million and EGP 5.339 thousand respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 89.48% of the total market, with a net equity of EGP 2.102 million, excluding the deals.