Egypt Shares Open higher on Thursday, Gain EGP1.8 bln, EGX30 Crosses 8074.11 p

Egyptian stocks started trading higher on Thursday with gains amounting to EGP 1.8 billion as foreign buying appetite went on.

Accordingly, the country’s main gauge continued its rally to cross 8070 points at early trading.

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

The Benchmark EGX30 hiked by 0.95% to 8074.11 p; EGX20 also surged by 1.1% to 9686.8 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.5% to 642.21 p.  Price index EGX100 increased by 0.67% to 1106.49 p.

Trading Volumes & Values

The trading volume has recorded 19.34 million securities worth EGP 52.396 million, exchanged through 1.7 thousand transactions during Thursday opening.

Also during the opening session, 71 listed securities have been traded in; 6 fell, 50 advanced; while 14 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 5.39% and 90.76% respectively of the total markets, with a net equity of 1.836 million and 549.7 thousand respectively, excluding the deals.

On the contrary, Egyptians were net sellers 3.84% of the total market, with a net equity of EGP 2.386 million, excluding the deals.