Egypt’s stock market opened higher on Monday earning 502 million pounds. However, the main stock index –EGX30 went lower at early trade driven by foreign profit-takers.
The Egyptian Exchange indices were wavering in mixed notes during the opening session of Monday.
The Benchmark EGX30 tumbled by 0.54% to 8405.4 p, and EGX20 also dropped by 0.32% to 10148.76 p.
Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.25% to 634.56 p. Price index EGX100 went up by 0.15% to 1108.23 p.
Furthermore, market capitalization reached EGP 491.913 billion, according to data compiled by Amwal Al Ghad English at 11:10 p.m. Cairo time (09:10 GMT).
Trading Volumes & Values
The trading volume has recorded 35.281 million securities worth EGP 104.081 million, exchanged through 4121 transactions during Monday opening.
Also during the opening session, 97 listed securities have been traded in; 65 fell, 15 advanced; while 17 keeping their previous levels.
Egyptian investors were net buyers at early trading on Monday capturing 87.78% of the total market, with a net equity of EGP 7.552 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 3.96% and 8.26% respectively of the total markets, with a net equity of EGP 2.835 million and EGP 4.717 million respectively, excluding the deals.