Egypt’s stocks closed higher on Monday with gains totalling 625 million pounds amid foreign buying appetite. Accordingly, the country’s main stock index – EGX30 crossed 8160 points during closing session.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in green notes on Monday afternoon.
Egypt’s benchmark index EGX30 closed 0.43 per cent higher to 8161.05 pts; while EGX20 finished 0.01 per cent up to 9788.89 pts.
Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.38 per cent to end at 650.86 pts. The price index EGX100 also increased by 0.63 per cent to conclude at 1119.28 pts.
Furthermore, the market capitalization recorded EGP 491.865 billion on Monday.
Turnovers below One Billion Pounds
Through the closing session of Monday, the trading volume has reached 255.208 million securities, with turnovers worth EGP 872.532 million, exchanged through 33.374 thousand transactions.
Also during the closing session, 182 listed securities have been traded in; 88 declined, 74 advanced; while 20 keeping their previous levels.
The non-Arab foreign and Arab investors were net buyers on Monday seizing 24.51% and 7.1% respectively of the total markets, with a net equity of EGP 87.761 million and EGP 25.532 million respectively, excluding the deals.
On the other hand, Egyptian investors were net sellers capturing 68.39% of the total market, with a net equity of EGP 113.294 million, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price rise on Monday by 0.38 percent to EGP 13.10.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) climbed by 1.64 percent to EGP 37.70.
In the real estate sector, Palm Hills Development Company (PHDC.CA) surged by 1.83 percent to trade at EGP 3.90, Talaat Moustafa Group Holding (TMGH.CA) also hiked by 0.36 percent to trade at EGP 8.25, while Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) tumbled by 1.06 percent to close at EGP 25.12.