Egypt Shares Open higher on Thursday, Gain EGP1.1 bln

Egyptian stocks started trading higher on Thursday with gains amounting to EGP 1.1 billion as foreign buying appetite went on.

Accordingly, the country’s main gauge continued its rally to cross 7210 points.

The Egyptian Exchange indices were wavering in green notes during opening trading session of Thursday.

The Benchmark EGX30 hiked by 0.47% to 7213.55 p; EGX20 also surged by 0.75% to 8547.48 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.11% to 561.85 p.  Price index EGX100 increased by 0.11% to 953.83 p.

The capital market has opened at EGP 443.705 billion on Thursday, according to data compiled by Amwal Al Ghad English at 11:03 a.m. Cairo time (09:03 GMT).

Trading Volumes & Values

The trading volume has recorded 11.937 million securities worth EGP 27.793 million, exchanged through 1401  transactions during Thursday opening.

Also during the opening session, 83 listed securities have been traded in; 17 fell, 33 advanced; while 33 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 3.38% and 10.87% respectively of the total markets, with a net equity of 1.283 million and 904.458 thousand respectively, excluding the deals.

On the contrary, Egyptians were net sellers 85.75% of the total market, with a net equity of EGP 2.187 million, excluding the deals.