Egypt Shares Start Week Higher, Gain EGP706 mln at Open

Egypt’s shares opened this week higher posting gains EGP 706 million bolstered by local and non-Arab foreign net buyers. The benchmark index is nearing 5725 points at Sunday opening.

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

The Benchmark EGX30 rose by 0.32% to 5722.43 p; while EGX20 increased by 0.41% to 6718.73 p.

On the other hand, the mid- and small-cap index, the EGX70 edged up by 0.50% to 491.21 p.  Price index EGX100 advanced by 0.43% to 819.9 p.

The capital market has opened at EGP 381.804 billion on Sunday according to data compiled by Amwal Al Ghad English at 10:59 a.m. Cairo time (08:59 GMT).

Trading Volumes & Values

The trading volume has recorded 5.648 million securities worth EGP 19.756 million, exchanged through 1200  transactions during Sunday opening.

Also during the opening session, 82 listed securities have been traded in; 5 fell, 49 advanced; while 28 keeping their previous levels.

Investors’ Activities

Egyptians and the non-Arab foreigners were net buyers bolstering EGX’s opening gains as they seized 88.64% and 4.55% respectively of the total markets, with a net equity of EGP 352.321 thousand  and EGP 164.018  thousand  respectively, excluding the deals.

Meanwhile, Arabs were net buyers seized 6.81%, of the total markets, with a net equity of EGP 516.340 thousand  excluding the deals.