Egypt Shares Open Higher on Monday, EGX 30 Nears 6300

Egyptian stocks have opened higher on Monday attaining gains of EGP 1.1 billion bolstered by local net buyers. The benchmark index hit 6295 points on opening session.

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

The Benchmark EGX30 went up by 0.31% to 6295.06 p; while EGX20 advanced by 0.46% to 7345.55 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.28% to 535.43 p.  Price index EGX100 hiked by 0.27% to 889.74 p.

The capital market has reached EGP 410.116 billion on Monday, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT).

Trading Volumes & Values

The trading volume has recorded 16.362 million securities worth EGP 30.909 million, exchanged through 1887 transactions during Monday opening.

Also during the opening session, 109 listed securities have been traded in; 16 fell, 57 advanced; while 36 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers bolstering EGX’s opening gains as they acquired 88.63% of the total market, with a net equity of EGP 735.884 thousand, excluding the deals.

Meanwhile, the non-Arab foreigners and Arabs were net sellers as they seized 4.89% and 6.48% respectively of the total markets, with a net equity of EGP 364.672 thousand and EGP 371.212 thousand respectively, excluding the deals.