Egypt’s bourse ended higher on Monday with gains worth 2.4 billion pounds powered by foreign buying appetite. Yet, the country’s main bourse index closed on Monday below 7570 points.
The Egyptian Exchange (EGX) indices were wavering in mixed notes on Monday afternoon.
Egypt’s benchmark index EGX30 ended 0.09 per cent lower to 7569.56 pts; while EGX20 finished with no change to remain at 8959.18 pts.
Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.54% to close at 651.03 pts. The price index EGX100 went up by 0.36 per cent to conclude at 1104.83 pts.
Furthermore, the market capitalization recorded EGP 472.949 billion on Monday.
Through the closing session of Monday, the trading volume has reached 188.781 million securities, with turnovers worth EGP 603.143 million, exchanged through 30.769 thousand transactions.
Also during the closing session, 187 listed securities have been traded in; 93 declined, 79 advanced; while 15 keeping their previous levels.
The non-Arab foreign investors were net buyers capturing 2.87% of the total market, with a net equity of EGP 5.361 million, excluding the deals.
On the contrary, Egyptian and Arab investors were net sellers seizing 93.69% and 3.44% respectively of the total markets, with a net equity of EGP 3.623 million and 1.738 million respectively, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price rise by 0.62 percent to EGP 11.30.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) climbed 1.21 percent to EGP 35.08.
In the real estate sector, Palm Hills Development Company (PHDC.CA) soared by 4.55 percent to trade at EGP 3.22, Talaat Moustafa Group Holding (TMGH.CA) fell by 0.83 percent to trade at EGP 7.15, and Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) surged 2.15 percent to close at EGP 24.23.