Egypt Shares Open New Week with EGP1.4 bln Gains

Egypt’s bourse opened this week higher with gains worth 1.44 Egyptian pounds powered by early foreign buying appetite. Accordingly, Egypt’s main index – EGX 30 also surged to cross 7635 points.

The Egyptian Exchange’s indices were wavering in green notes during the opening session.

Indices

The Benchmark EGX30 hiked by 0.60% to 7636.27 p; while EGX20 rose by 0.50% to 9019.76 p.

Additionally, the mid- and small-cap index, the EGX70 inched up by 0.91% to 648.74 p.  Price index EGX100 increased by 0.79% to 1105.22 p.

Furthermore, market capitalization reached EGP 472.091 billion, according to data compiled by Amwal Al Ghad English at 11:05 a.m. Cairo time (09:05 GMT).

Turnovers & Trading Volumes

The trading volume has recorded 18.423 million securities, with turnovers reached EGP 55.950 million, exchanged through 2775 transactions during Sunday opening.

Also during the opening session, 118 listed securities have been traded in; 17 fell, 83 advanced; while 18 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreigner investors were net buyers on Sunday seizing 4.89% and 4.27% respectively of the total markets, with a net equity of EGP 4.353 million and EGP 1.482 million respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers acquiring 90.84% of the total market, with a net equity of EGP 2.870 million, excluding the deals.