Egypt Shares Gain EGP580 million at Open, EGX30 Slightly Falls

Egypt’s stock market opened higher on Monday with gains of 580 million pounds powered by foreign buying appetite. However, the country’s main stock index – EGX30 slightly fell at early trading driven by local net sellers.

The Egyptian Exchange indices were wavering in mixed notes during the opening session of Monday.

The Benchmark EGX30 dipped by 0.01% to 8125.52 p; EGX20 also dropped by 0.42% to 9747.17 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.02% to 648.3 p.  Price index EGX100 rose by 0.25% to 1115.03 p.

Furthermore, market capitalization reached EGP 491.820 billion, according to data compiled by Amwal Al Ghad English at 11:17 a.m. Cairo time (09:17 GMT).

Trading Volumes & Values

The trading volume has recorded 49.919 million securities worth EGP 134.067 million, exchanged through 4778 transactions during Monday opening.

Also during the opening session, 111 listed securities have been traded in; 58 fell, 31 advanced; while 22 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreign investors were net buyers at early trading on Monday seizing 5.22% and 11.47% respectively of the total markets, with a net equity of EGP 3.942 million and EGP 2.614 million respectively, excluding the deals.

On the other hand, Egyptian were net sellers 83.3% of the total market, with a net equity of EGP 6.556 million, excluding the deals.