Egypt Shares Mixed, EGX 30 Moves Higher to Near 6490 – Midday

The Egyptian stocks incurred slight losses worth EGP 79 million during the midday session on Monday driven by the local and Arab profit-taking transactions. On the contrary, the benchmark went on its upward trend to near 6490 points on Monday noon.

The Egyptian Exchange’s indices were wavering in mixed notes during midday.

The Benchmark EGX30 went up by 0.03% to 6485.91 p; while EGX20 also increased by 0.14% to 7508.28 p.

Additionally, the mid- and small-cap index, the EGX70 dipped by 0.43% to 527.25 p.  Price index EGX100 decreased by 0.36% to 886.99 p.

The capital market has opened this week at EGP 412.405 billion on Monday, according to data compiled by Amwal Al Ghad English at 12:41 p.m. Cairo time (10:41 GMT).

Trading Volumes & Values

The trading volume has recorded 41.207 million securities worth EGP 158.469 million, exchanged through 8416  transactions during Monday midday.

Also during the midday session, 155 listed securities have been traded in; 94 fell, 35 advanced; while 26 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net sellers seizing 84.93% and 4.76% respectively of the total markets, with a net equity of EGP 1.834 million and EGP 3.641 million respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net buyers acquiring 10.31% of the total market, with a net equity of EGP 5.476 million, excluding the deals.