Egypt Shares Gain One Billion Pound at Open

Egypt’s stocks opened higher on Thursday posting early gains of EGP 1.1 billion backed by local net buyers. The benchmark index has crossed 5675 pts on Thursday morning.

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

The Benchmark EGX30 rose by 0.23% to 5678.53 p; while EGX20 increased by 0.35% to 6655.47 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.42% to 485.18 p.  Price index EGX100 rose by 0.38% to 811.34 p.

The capital market has opened at EGP 379. billion on Thursday according to data compiled by Amwal Al Ghad English at 11:16 a.m. Cairo time (09:16 GMT).

Trading Volumes & Values

The trading volume has recorded 11.798 million securities worth EGP 76.095 million, exchanged through 2733 transactions during Thursday opening.

Also during the opening session, 106 listed securities have been traded in; 6 fell, 72 advanced; while 28 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers backing EGX’s opening gains as they seized 48.03%, of the total markets, with a net equity of EGP 3.053 million excluding the deals.

Meanwhile, the non-Arab foreigners and Arab investors were net sellers as they seized 49.95% and 2.01% respectively of the total markets, with a net equity of EGP 1.837 million  and EGP 1.216 million respectively, excluding the deals.