Egypt Shares Start Week Higher, Gain EGP2.5 billion on Foreign Buying Appetite

Egypt’s bourse starts this week higher, with gains totaled 2.5 billion Egyptian pounds on Sunday powered by foreign and Arab buying appetite. The main index also closed higher today to cross 7435 points.

The Egyptian Exchange (EGX) indices were wavering in green notes on Sunday afternoon.

Indices

Egypt’s benchmark index EGX30 ended 0.42 per cent higher to 7436.22 pts; while EGX20 finished 0.51 per cent up to 8860.63 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.95% to close at 590.2 pts. The price index EGX100 inched up by 0.95 per cent to conclude at 1001.59 pts.  
Furthermore, the market capitalization recorded EGP 454.448 billion on Sunday.

Turnovers
Through the closing session of Sunday, the trading volume has reached 303.680 million securities. For the traded value, it hit EGP 831.455 million, exchanged through 40.450 thousand transactions.           
Also during the closing session, 185 listed securities have been traded in; 40 declined, 132 advanced; while 13 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers seizing 4.75% and 5.97% respectively of the total markets, with a net equity of EGP 35.434 thousand and 3.401 million respectively, excluding the deals.

On the contrary, Egyptians were net sellers acquiring 89.28% of the total market, with a net equity of EGP 3.436 million, excluding the deals.