Egypt Shares Start Week Higher, Main Index Jumps 2.4% at Close

Egyptian stocks have ended higher on Sunday attaining gains totaled EGP 4.4 billion powered by the foreign net buyers. The benchmark index climbed 2.4% to cross 6480 points on Sunday.

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

Egypt’s benchmark index EGX30 ended 2.39 per cent higher to 6483.76 pts, and EGX20 also finished 1.78 per cent up to 7498.03 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 surged by 0.79 per cent to conclude at 529.53 pts. The price index EGX100 advanced by 0.97 per cent to close at 890.17 pts.  
The capital market has closed at EGP 412.484 billion on Sunday afternoon.

Turnovers
Through the closing session of Sunday, the trading volume has reached 100.040 million securities. For the traded value, it hit EGP 351.436 million, exchanged through 18.265 thousand transactions.         

Also during the closing session, 179 listed securities have been traded in; 50 declined, 110 advanced; while 19 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers acquiring 6.67% and 5.87% respectively of the total markets, with a net equity of EGP 1.192 million and EGP 4.455 million respectively, excluding the deals.

Meanwhile, Egyptians were net sellers seizing 87.46% of the total market, with a net equity of EGP 5.647 million, excluding the deals.