Egypt: Main Index Rallies on Monday, Closes above 7035

Egyptian stocks end Monday’s trading slightly higher posting gains totaled EGP 87 million backed by foreign net buyers. Accordingly, the benchmark index closed higher to cross 7035 points.

The Egyptian Exchange (EGX) indices were wavering in green notes Monday afternoon.

Indices

Egypt’s benchmark index EGX30 ended 0.49 per cent higher to 7037.8 pts; while EGX20 finished 0.61 per cent up to 8275.39 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.08% to close at 556.38 pts. The price index EGX100 went up by 0.02 per cent to conclude at 945.34 pts.  
The capital market has finished at EGP 437.066 billion on Monday.

Lower Turnovers
Through the closing session of Monday, the trading volume has reached 205.791 million securities. For the traded value, it hit EGP 510.816 million, exchanged through 23.001 thousand transactions.           
Also during the closing session, 176 listed securities have been traded in; 86 declined, 63 advanced; while 27 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 5.63% and 4.29% respectively of the total markets, with a net equity of EGP 31.057 million and 10.971 million respectively, excluding the deals.

On the contrary, Egyptians remained net sellers acquiring 90.08% of the total market, with a net equity of EGP 42.028 million, excluding the deals.