Egypt’s stock market opened higher on Monday posting gains of EGP 904 million. However, the benchmark index slumped by 0.25% this morning.
The Egyptian Exchange’s indices were wavering this morning in mixed notes during the opening session of Monday.
Benchmark EGX30 inched down by 0.25% to 5172.84 p; while EGX20 fell by 0.31% to 6004.8 p.
On the other hand, the mid- and small-cap index, the EGX70 went up by 0.43% to 445.42 p. Price index EGX100 advanced by 0.24% to 749.22 p.
The capital market has opened at EGP 353.819 billion on Monday.
Trading Volumes & Values
The trading volume has recorded 2.610 million securities worth EGP 37.065 million, exchanged through 930 transactions during Monday opening.
Also during the opening session, 58 listed securities have been traded in; 26 fell, 9 advanced; while 23 keeping their previous levels.
Egyptians and Arabs’ selling pressures have driven EGX 30 to its opening decline as they were net sellers seizing 63.08% and 0.19% respectively of the total markets, with a net equity of EGP 14.238 million and EGP 124.401 thousand respectively, excluding the deals.
Meanwhile, the non-Arab foreigners were net buyers seizing 36.73%, of the total markets, with a net equity of EGP 14.362 million excluding the deals.