Egypt’s shares opened higher posting gains of EGP 961 million on Monday backed by the non-Arab foreign net buyers. Yet, local and Arab selling pressures have reversely affected the benchmark index to fall by 0.5% early Monday.
The Egyptian Exchange’s indices were wavering in mixed notes this morning.
The Benchmark EGX30 slumped by 0.53% to 6017.19 p; while EGX20 fell by 0.58% to 7086.47 p.
On the other hand, the mid- and small-cap index, the EGX70 inched up by 0.78% to 512.72 p. Price index EGX100 increased by 0.20% to 861.58 p.
The capital market has opened at EGP 397.232 billion on Monday, according to data compiled by Amwal Al Ghad English at 11:08 a.m. Cairo time (09:08 GMT).
Trading Volumes & Values
The trading volume has recorded 21.746 million securities worth EGP 52.413 million, exchanged through 2828 transactions during Sunday opening.
Also during the opening session, 112 listed securities have been traded in; 48 fell, 35 advanced; while 29 keeping their previous levels.
The non-Arab foreigners were net buyers acquiring 18.09%, of the total markets, with a net equity of EGP 4.418 million excluding the deals.
Meanwhile, Egyptians and Arabs remained net seller seizing 78.77% and 3.14% respectively of the total markets, with a net equity of EGP 3.579 million and EGP 839.313 thousand respectively, excluding the deals.