Egypt Shares Gain EGP1.6 billion on Monday, EGX30 Crosses 8580

Egypt’s shares ended higher on Monday, with gains totalling 1.6 billion Egyptian pounds powered by local buying appetite. In return, the main stock index, EGX30 surged at close exceeding 8580 points.

Meanwhile, the EGX indices were wavering in green notes during the closing session of Monday.

Indices

Egypt’s benchmark index EGX30 ended 0.59 per cent higher to 8582.75 pts; while EGX20 finished 0.72 per cent up to 10320.85 pts.     
In addition, the mid- and small-cap index, the EGX70 hiked by 0.77 per cent to end at 622.44 pts. The price index EGX100 inched up by 0.58 per cent to conclude at 1085.7 pts.  
Furthermore, the market capitalization recorded EGP 493.704 billion on Monday.

Turnovers below EGP1 bln
Through the closing session of Monday, the trading volume has reached 296.588 million securities, with turnovers worth EGP 945.850 million, exchanged through 29.956 thousand transactions.               
Also during the closing session, 182 listed securities have been traded in; 55 declined, 107 advanced; while 20 keeping their previous levels.

Investors’ Activities

Egyptian investors were net buyers on Monday capturing 36.6% of the total market, with a net equity of EGP 52.050 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net sellers seizing 2.52% and 60.88% respectively of the total markets, with a net equity of EGP 24.745 million and EGP 27.304 million respectively, excluding the deals.