Egyptian stocks rallied at early trading on Monday with gains worth 519 million Egyptian pounds powered by local and Arab buying appetite. In return, the main stock index – EGX30 opened up to 8109 points.
The Egyptian Exchange indices were wavering on green notes during the opening session of Monday.
The Benchmark EGX30 went up by 0.21% to 8109.25 p, and EGX20 also rose by 0.34% to 9777.23 p.
Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.51% to 621.02 p. Price index EGX100 surged by 0.51% to 1082.63 p.
Furthermore, market capitalization reached EGP 482.161 billion, according to data compiled by Amwal Al Ghad English at 11:00 a.m. Cairo time (09:00 GMT).
Trading Volumes & Values
The trading volume has recorded 13.588 million securities worth EGP 48.025 million, exchanged through 1846 transactions during Monday opening.
Also during the opening session, 79 listed securities have been traded in; 7 fell, 57 advanced; while 15 keeping their previous levels.
Egyptian and Arab investors were net buyers at early trading on Monday capturing 76.64% and 2.64% respectively of the total markets, with a net equity of EGP 1.780 million and EGP 623.463 thousand respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net sellers seizing 20.72% of the total market, with a net equity of EGP 2.403 million, excluding the deals.