Egypt: Shares Gain EGP447 million at Open, EGX30 Crosses 8660

Egypt’s stocks gained 447 million Egyptian pounds at early trade on Monday backed by foreign investors’ buying appetite. Accordingly, the main stock index, EGX30 exceeded 8660 points during opening session.

Meanwhile, the EGX indices were wavering in green notes during the opening session of Sunday.

Indices

The Benchmark EGX30 went up by 0.10% to 8662.99 p, and EGX20 rose by 0.09% to 10499 p.

In addition, the mid- and small-cap index, the EGX70 increased by 0.08% to 608.14 p.  Price index EGX100 also grew by 0.09% to 1068.53 p.

Furthermore, market capitalization reached EGP 493.481 billion, according to data compiled by Amwal Al Ghad English at 11:05 a.m. Cairo time (08:05 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 16.560 million securities worth EGP 44.926 million, exchanged through 1625 transactions during Monday opening.

Also during the opening session, 83 listed securities have been traded in; 10 fell, 28 advanced; while 45 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors and Arab investors were net buyers at early trade on Monday capturing 0.31% and 0.83% respectively of the total markets, with a net equity of EGP 1.124 million and EGP 1.211 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 98.86% of the total market, with a net equity of EGP 2.336 million, excluding the deals.