Egypt Shares Gain EGP307 mln at Open, EGX 30 Crosses 5685

Egypt’s stocks opened higher on Wednesday posting early gains of EGP 307 million backed by the non-Arab foreign net buyers. The benchmark index has crossed 5685 pts on Wednesday morning.

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

The Benchmark EGX30 inched up by 0.09% to 5685.97 p; while EGX20 advanced by 0.15% to 6645.58 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.27% to 483.69 p.  Price index EGX100 rose by 0.17% to 809.1 p.

The capital market has opened at EGP 379.122 billion on Wednesday according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT).

Trading Volumes & Values

The trading volume has recorded 10.709 million securities worth EGP 59.573 million, exchanged through 2408 transactions during Tuesday opening.

Also during the opening session, 92 listed securities have been traded in; 26 fell, 36 advanced; while 30 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers seizing 15.32%, of the total markets, with a net equity of EGP 5.667 million excluding the deals.

Meanwhile, Egyptian and Arab investors were net sellers as they seized 75.7% and 8.98% respectively of the total markets, with a net equity of EGP 5.060 million  and EGP 606.859 thousand respectively, excluding the deals.