Egypt Shares Open The Week Higher, Main Index Crosses 7065

Egyptian stocks opened higher this week posting gains amounting to EGP 2.6 billion powered by local buying appetite. The main index starts trading above 7065 points early Sunday.

The Benchmark EGX30 climbed by 1.34% to 7068.64 p; while EGX20 also soared by 1.75 % to 8306.03 p.

Additionally, the mid- and small-cap index, the EGX70 hiked by 0.84% to 562.28 p.  Price index EGX100 inched up by 0.82% to 955.08 p.

The capital market has opened Sunday’s sessions at EGP 438.240 billion, according to data compiled by Amwal Al Ghad English at 11:17 a.m. Cairo time (09:17 GMT).

Trading Volumes & Values

The trading volume has recorded 73.505 million securities worth EGP 160.355 million, exchanged through 5.511 transactions during Sunday opening.

Also during the opening session, 113 listed securities have been traded in; 12 fell, 80 advanced; while 21 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers acquiring 84.35% of the total market, with a net equity of EGP 7.459 million, excluding the deals.

On the contrary, Arabs and the non-Arab foreigners were net sellers seizing 11.94% and 3.71% respectively of the total markets, with a net equity of 5.562 million and 1.897 million respectively, excluding the deals.