Egypt Shares Open Week Mixed As Morsi’s Supporters Set to Rally

Egyptian stocks opened this week in mixed notes posting gains of EGP 780 million backed by local net buyers on Sunday. The main gauge tumbled during early sessions.

The Benchmark EGX30 inched down by 0.02% to 6455.47 p; while EGX20 dropped by 0.07% to 7532.16 p.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.31% to 537.83 p.  Price index EGX100 increased by 0.19% to 897.91 p.

The capital market has reached EGP 415.691 billion on Sunday, according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (09:22 GMT).

Trading Volumes & Values

The trading volume has recorded 18.199 million securities worth EGP 36.903 million, exchanged through 2466 transactions during Sunday opening.

Also during the opening session, 111 listed securities have been traded in; 35 fell, 45 advanced; while 31 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers acquiring 94.22% of the total market, with a net equity of EGP 2.310 million, excluding the deals.

Meanwhile, Arabs and the non-Arab foreigners were net sellers seizing 4.35% and 1.44% respectively of the total markets, with a net equity of EGP 1.870 million and EGP 440.354 thousand respectively, excluding the deals.