Egypt Shares Close Higher on Monday, with EGP1.9 bln Gains

Egyptian stocks ended higher today with gains totaled EGP 1.9 billion backed by local buying appetite. The benchmark index has shut above EGP445.13 billion.

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

Egypt’s benchmark index EGX30 ended 0.55 per cent higher to 7257.27 pts, and EGX20 also finished 0.55 per cent up to 8571.74 pts.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.58% to close at 567.36 pts. The price index EGX100 rose by 0.47 per cent to conclude at 961.79 pts.

Turnovers

Through the closing session of Sunday, the trading volume has reached 312.551 million securities. For the traded value, it hit EGP 716.651 million, exchanged through 31 thousand transactions.

Also during the closing session, 186 listed securities have been traded in; 48 declined, 107 advanced; while 28 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers seizing 85.58% of the total market, with a net equity of EGP 37.225 million, excluding the deals.

On the contrary, Arabs and the non-Arab foreigners were net sellers acquiring 6% and 8.42% respectively of the total markets, with a net equity of EGP 21.929 million and 15.295 million respectively, excluding the deals.