Egypt Shares Bullish on Sunday, Gain EGP5 bln at Close

Egyptian stocks start this week higher to end closing sessions on Sunday with gains totaled EGP 5 billion powered by non-Arab foreign buying appetite. Accordingly, the benchmark index closed above 7115 points on Sunday.

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

EGX Administration announced next Monday 13th of January official vacation on occasion of Prophet Mohamed birthday. Trading activities will be resumed on Tuesday.

Egypt’s benchmark index EGX30 ended 2.03 per cent higher to 7116.81 pts, and EGX20 also finished 2.44 per cent up to 8361.89 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 surged by 1.29% to close at 564.76 pts. The price index EGX100 grew by 1.24 per cent to conclude at 959.09 pts.  
The capital market has closed at EGP 440.661 billion on Sunday afternoon.

Growing Turnovers
Through the closing session of Sunday, the trading volume has reached 354.834 million securities. For the traded value, it hit EGP 1.022 billion, exchanged through 41.387 thousand transactions.           
Also during the closing session, 181 listed securities have been traded in; 39 declined, 124 advanced; while 18 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers acquiring 4.38% of the total market, with a net equity of EGP 8.591 million, excluding the deals.

On the contrary, Egyptians and Arabs were net sellers seizing 87.35% and 8.27% respectively of the total markets, with a net equity of EGP 3.431 million and 5.160 million respectively, excluding the deals.