Egypt Shares Open a New Week Higher, EGX30 Nears 8490

Egypt stocks opened this week higher with gains worth 2.2 billion pounds powered by non-Arab foreign buying appetite. In return, the country’s main stock index – EGX30 went on its rally to approach 8490 points at early trade of Sunday’s sessions.

The Egyptian Exchange indices were wavering in green notes during the opening session of Sunday.

The Benchmark EGX30 inched up by 0.34% to  8488.07 p; while EGX20 rose by 0.44% to 10225.3 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.34% to 635.78 p.  Price index EGX100 went up by 0.28% to 1107.48 p.

Furthermore, market capitalization reached EGP 492.669 billion, according to data compiled by Amwal Al Ghad English at 11:20 p.m. Cairo time (09:20 GMT).

Trading Volumes & Values

The trading volume has recorded 66.914 million securities worth EGP 198.186 million, exchanged through 6855 transactions during Sunday opening.

Also during the opening session, 117 listed securities have been traded in; 47 fell, 53 advanced; while 17 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers at early trading on Sunday capturing  1.86% of the total market, with a net equity of EGP 2.695 million, excluding the deals.

On the other hand, Egyptian and Arabs were net sellers seizing 92.61% and 5.53% respectively of the total markets, with a net equity of EGP 568.035 thousand and EGP 2.127 million respectively, excluding the deals.

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