Egypt Shares Close Higher on Sunday, with EGP2.6 bln Gains

Egyptian stocks ended higher during the first session of this week with gains totaled EGP 2.6 billion backed by local buying appetite. The benchmark index has shut above 6850 points.

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

Egypt’s benchmark index EGX30 ended 0.62 per cent higher to 6853.7 pts, and EGX20 also finished 0.48 per cent up to 7968.76 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.59% to close at 551.88 pts. The price index EGX100 rose by 0.49 per cent to conclude at 936.96 pts.  
The capital market has closed at EGP 431.444 billion on Sunday afternoon.

Through the closing session of Sunday, the trading volume has reached 261.858 million securities. For the traded value, it hit EGP 503.722 million, exchanged through 27.818 thousand transactions.           

Also during the closing session, 180 listed securities have been traded in; 41 declined, 125 advanced; while 14 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers seizing 90.37% of the total market, with a net equity of EGP 8.351 million, excluding the deals.

On the contrary, Arabs and the non-Arab foreigners were net sellers acquiring 7.66% and 1.97% respectively of the total markets, with a net equity of EGP 1.489 million and 6.862 million respectively, excluding the deals.