Egyptian Stocks end up with $268mn gains

Egypt’s stock market edged higher Monday with gains worth 2.1 billion Egyptian pounds (US$268million) on local and Arab selling pressures.

The market capitalisation has recorded 444.986 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 increased by 1.07 percent to 7158.1 points.

The newly-launched EGX50 EWI index rose by 0.66 percent to 1199.86 points.

EGX20 went up by 1.27 percent to 6824.2 points.

In addition, the mid- and small-cap index EGX70 boosted by 0.33 percent to 388.5 points. The price index, EGX100 increased by 0.60 percent to 833.6 points.

Turnovers up

On Monday, the bourse’s trading volume has hit 152.557 million securities, with turnovers closed at EGP 1.663 billion, exchanged through 17,333 thousand transactions.

Also during the closing session, 177 listed securities have been traded in; 43 declined, 88 advanced; while 38 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday seizing 91.82% and  1.46 % respectively of the total markets, with a net equity of EGP 38.202 million and EGP 9.822 million, respectively, excluding the deals.

On the contrary, the non-Arab foreign investors were net buyers getting 6.71% of the total market, with a net equity of EGP 48.025 million, excluding the deals.