Egypt Shares Gain EGP 991 mln at Open On Monday

Egypt’s stocks opened higher on Monday posting early gains of EGP 991 million backed by local net buyers. The benchmark index has crossed EGP 381.006 billion on Monday morning.

The Egyptian Exchange’s indices were wavering in green notes this morning.

The Benchmark EGX30 rose by 0.73 % to 5767p; while EGX20 increased by 0.92 % to 6760 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.8% to 495 p.  Price index EGX100 rose by 0.76 % to 829 p.

Trading Volumes & Values

The trading volume has recorded 4.5million securities worth EGP 12 million, exchanged through 887 transactions during Monday opening.

Also during the opening session, 82 listed securities have been traded in; 3fell, 51 advanced; while 29 keeping their previous levels.

Investors’ Activities

Egyptians were net sellers backing EGX’s opening gains as they seized 2.86%, of the total markets, with a net equity of EGP 632K excluding the deals.

Meanwhile, the non-Arab foreigners and Arab investors were net buyers as they seized 94.9% and 2.24 % respectively of the total markets, with a net equity of EGP 177 K and EGP 454 K respectively, excluding the deals.