Egypt Shares Begin New Week Higher, EGX30 Hits 7945

Egypt’s stocks opened a new week higher with gains amounting to 1.5 billion Egyptian pounds amid foreign buying appetite. In return, the main stock index EGX30 commenced trading higher above 7945 points early Sunday.

The Egyptian Exchange indices were wavering on green notes during the opening session of Sunday, except for the mid- and small-cap index EGX70, which solely falls.

The Benchmark EGX30 inched up by 0.58% to 7945.09 p, and EGX20 advanced by 0.56% to 9470.91 p.

Meanwhile, the mid- and small-cap index, the EGX70 decreased by 0.07% to 594.98 p.  Price index EGX100 rose by 0.02% to 1044.22 p.

Furthermore, market capitalization reached EGP 471.041 billion, according to data compiled by Amwal Al Ghad English at 11:11 a.m. Cairo time (09:11 GMT).

Trading Volumes & Values

The trading volume has recorded 54.395 million securities worth EGP 116.334 million, exchanged through 4378 transactions during Sunday opening.

Also during the opening session, 104 listed securities have been traded in; 36 fell, 43 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers at early trade on Sunday capturing 7.27% and 2.35% respectively of the total markets, with a net equity of EGP 3.404 million and EGP 3.071 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 90.37% of the total market, with a net equity of EGP 6.475 million, excluding the deals.