Egypt Shares Open a New Week Higher, Gain EGP951 mln

Egyptian stocks have opened this week  higher posting gains worth EGP 951 million powered by Arab buying appetite. The main index started trading early Sunday above 6825 points.

The Egyptian Exchange’s indices were wavering in green notes during opening.

The Benchmark EGX30 went up by 0.24% to 6827.65 p; while EGX20 also rose by 0.15% to 7942.16 p.

Additionally, the mid- and small-cap index, the EGX70 hiked by 0.46% to 551.18 p.  Price index EGX100 advanced by 0.37% to 935.79 p.

The capital market has opened Sunday sessions at EGP 429.810 billion, according to data compiled by Amwal Al Ghad English at 11:06 a.m. Cairo time (09:06 GMT).

Trading Volumes & Values

The trading volume has recorded 26.162 million securities worth EGP 38.176 million, exchanged through 1864 transactions during Sunday opening.

Also during the opening session, 97 listed securities have been traded in; 7 fell, 65 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arabs were net buyers acquiring 9.14% of the total market, with a net equity of EGP 3.598 million, excluding the deals.

On the contrary, Egyptians and the non-Arab foreigners were net sellers seizing 86.14% and 4.72% respectively of the total markets, with a net equity of 420.284 thousand and 3.178 million respectively, excluding the deals.