Egypt Shares Open New Week Slightly Higher, Triggered by Arab Investors

Egypt’s bourse opened this week slightly up with humble gains worth 52 million Egyptian pounds amid early Arab net buyers. However, Egypt’s main index – EGX 30 also began trading 0.2% lower driven by early local and foreign selling pressures.

The Egyptian Exchange’s indices were wavering in mixed notes during the opening session of Sunday.

Indices

The Benchmark EGX30 went down by 0.21% to 7410.81 p; EGX20 also fell by 0.28 % to 8851.54 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.02% to 611.29 p.  Price index EGX100 increased by 0.01% to 1036.58 p.

Furthermore, market capitalization registered EGP 458.432 billion, according to data compiled by Amwal Al Ghad English at 11:26 a.m. Cairo time (09:26 GMT).

Turnovers & Trading Volumes

The trading volume has recorded 40.520 million securities, with turnovers reached EGP 108.803 million, exchanged through 5902 transactions during Tuesday midday.

Also during the opening session, 135 listed securities have been traded in; 45 fell, 62 advanced; while 28 keeping their previous levels.

Investors’ Activities

Arabs were net buyers acquiring 6.47% of the total market, with a net equity of EGP 2.737 million, excluding the deals.

On the contrary, Egyptians and the non-Arab foreigners were net sellers seizing 90.53% and 3.01% respectively of the total markets, with a net equity of 2.304 million and 433.394 thousand respectively, excluding the deals.