Egypt Shares Start New Month Up, Gain EGP953 mln at Open

Egypt’s shares resumed rally on Tuesday to start the new month with gains amounted to EGP 953 million backed by Arab net buyers.

The benchmark index surged to near 5650 points at opening.

The Egyptian Exchange’s indices were wavering in green notes this noon.

The Benchmark EGX30 edged up by 0.52% to 5649.81 p; while EGX20 advanced by 0.61% to 6630 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.66% to 489.35 p.  Price index EGX100 rose by 0.64% to 816.43 p.

The capital market has hit at EGP 378.686 billion on Tuesday according to data compiled by Amwal Al Ghad English at 11:20 a.m. Cairo time (09:20 GMT).

Trading Volumes & Values

The trading volume has recorded 20.414 million securities worth EGP 59.701 million, exchanged through 3.024 thousand  transactions during Tuesday opening.

Also during the opening session, 107 listed securities have been traded in; 9 fell, 73 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arabs were net buyers seizing 3.15%, of the total markets, with a net equity of EGP 2.401 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers acquiring 71.8% and 25.05% respectively of the total markets, with a net equity of EGP 1.872 million and EGP 529.309 thousand respectively, excluding the deals.