Egypt: Shares Gain EGP2.4 billion, EGX30 Crosses 8375 at Early Trade

Egypt stocks opened higher on Thursday with gains worth 2.4 billion pounds backed by local and non-Arab foreign buying appetite. In return, the country’s main stock index – EGX30 went on its rally to cross 8375 points at early trading.

The Egyptian Exchange indices were wavering in green notes during the opening session of Thursday.

The Benchmark EGX30 pushed up by 1.11% to  8378.83 p; while EGX20 surged by 1% to 10102.65 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.12% to 644.4 p.  Price index EGX100 went up by 0.32% to 1117.96 p.

Furthermore, market capitalization reached EGP 491.695 billion, according to data compiled by Amwal Al Ghad English at 11:21 p.m. Cairo time (09:21 GMT).

Trading Volumes & Values

The trading volume has recorded 60.049 million securities worth EGP 251.221 million, exchanged through 6845 transactions during Thursday opening.

Also during the opening session, 122 listed securities have been traded in; 36 fell, 54 advanced; while 32 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net buyers at early trading on Thursday capturing  72.02% and 19.21% respectively of the total markets, with a net equity of EGP 6.199 million and EGP 16.845 million respectively, excluding the deals.

On the other hand, Arabs were net sellers seizing 8.77% of the total market, with a net equity of EGP 23.044 million, excluding the deals.

Leave a comment