Egypt’s stocks ended higher on Monday with gains totalling 1.3 billion Egyptian pounds on local and non-Arab foreign buying appetite. In return, the main stock index, EGX30 closed above 7885 points.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in green notes during the closing session on Monday.
Egypt’s benchmark index EGX30 closed 0.14 per cent higher to 7886.08 pts; while EGX20 finished 0.18 per cent up to 9390.42 pts.
On the contrary, the mid- and small-cap index, the EGX70 went up by 0.52 per cent to end at 592.16 pts. The price index EGX100 hiked by 0.40 per cent to conclude at 1038.42 pts.
Furthermore, the market capitalization recorded EGP 468.838 billion on Monday.
Turnovers below one Billion Pounds
Through the closing session of Monday, the trading volume has reached 171.174 million securities, with turnovers worth EGP 481.799 million, exchanged through 22.649 thousand transactions.
Also during the closing session, 174 listed securities have been traded in; 65 declined, 83 advanced; while 26 keeping their previous levels.
Egyptian and the non-Arab foreign investors were net buyers capturing 87.85% and 6.83% respectively of the total markets, with a net equity of EGP 2.947 million and EGP 6.354 million respectively, excluding the deals.
On the other hand, Arab investors remained net sellers seizing 5.32% of the total market, with a net equity of EGP 9.302 million, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price decline on Monday by 0.33 percent to EGP 12.06.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) dropped by 0.51 percent to EGP 37.31.
In the real estate sector, Palm Hills Development Company (PHDC.CA) fell by 0.55 percent to trade at EGP 3.64, Talaat Moustafa Group Holding (TMGH.CA) advanced by 0.13 percent to trade at EGP 7.78, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) also climbed by 1.82 percent to close at EGP 25.20.