Egypt: Shares Open New Week Higher, Gain EGP1.4 bln

Egypt’s shares opened higher this week posting gains of EGP 1.46 billion backed by the non-Arab foreign net buyers. The benchmark index maintains its rally to start 0.7% higher on early Sunday.

The Egyptian Exchange’s indices were wavering in green notes this morning.

The Benchmark EGX30 inched up by 0.76% to 5977.04 p; while EGX20 rose by 0.82% to 7037.53 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.17% to 500.53 p.  Price index EGX100 increased by 0.25% to 845.89 p.
The capital market has opened at EGP 391.502 billion on Sunday, 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 8.306 million securities worth EGP 29.726 million, exchanged through 1730 transactions during Sunday opening.

Also during the opening session, 105 listed securities have been traded in; 10 fell, 66 advanced; while 29 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners remained net buyers seizing 9.97%, of the total markets, with a net equity of EGP 3.179 million excluding the deals.

Meanwhile, Egyptians and Arabs remained net seller as they acquired 81.88% and 8.15% respectively of the total markets, with a net equity of EGP 1.396 million and EGP 1.783 million respectively, excluding the deals.