Egypt Shares Open a New Week Higher

Egyptian stock market opened a new week higher with gains worth 1.8 billion pounds powered by local and foreign buying appetite. Accordingly, the country’s main stock index – EGX30 rallied to cross 8175 points at opening trading.

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

The Benchmark EGX30 hiked by 0.44% to 8175.62 p; EGX20 also inched up by 0.59% to 9883.42 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.30% to 653.01 p.  Price index EGX100 dropped by 0.32% to 1119.19 p.

Furthermore, market capitalization reached EGP 493.511 billion, according to data compiled by Amwal Al Ghad English at 11:09 a.m. Cairo time (09:09 GMT).

Trading Volumes & Values

The trading volume has recorded 73.783 million securities worth EGP 180.704 million, exchanged through 5409 transactions during Sunday opening.

Also during the opening session, 109 listed securities have been traded in; 15 fell, 75 advanced; while 19 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net buyers seizing 92.78% and 1.42% respectively of the total markets, with a net equity of EGP 15.205 million and EGP 1.427 million respectively, excluding the deals.

On the other hand, Arabs were net sellers 5.8% of the total market, with a net equity of EGP 16.632 million, excluding the deals.