Egyptian Shares Gain EGP3 bln at Open, EGX 30 Jumps to 6071

After a 4-day halt on Eid vacations, Egypt’s shares opened the new week higher posting remarkable gains of EGP 3.4 billion backed by local and  non-Arab foreign net buyers. The benchmark index jumped to cross 6070 points early Sunday.

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

The Egyptian bourse announced that Eid Al-Adha Vacation to start on Monday 14/10/2013 until Thursday 17/10/2013. Business will be resumed on Sunday 20/10/2013.

The Benchmark EGX30 climbed by 1.42% to 6071.62 p; while EGX20 surged by 1.44% to 7158.88 p.

On the other hand, the mid- and small-cap index, the EGX70 inched up by 1.08% to 508.96 p.  Price index EGX100 increased by 1% to 858.61 p.
The capital market has opened at EGP 396.572 billion on Sunday, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT).

Trading Volumes & Values

The trading volume has recorded 35.998 million securities worth EGP 82.933 million, exchanged through 3777 transactions during Sunday opening.

Also during the opening session, 116 listed securities have been traded in; 4 fell, 98 advanced; while 14 keeping their previous levels.

Investors’ Activities

Egyptians and non-Arab foreigners were net buyers acquiring 85.85% and 9.31% respectively of the total markets, with a net equity of EGP 722.376 thousand and EGP 5.105 million respectively, excluding the deals.

Meanwhile, Arabs remained net seller seizing 4.84%, of the total markets, with a net equity of EGP 5.827 million excluding the deals.