Egypt Stocks Bounce back, Gain EGP1.7 billion on Monday

Egypt’s stocks ended higher on Monday, halting 5-day losing streak, with gains totalling 1.7 billion Egyptian pounds powered by local and Arab investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 rebounded to exceed 9445 points.

The Egyptian Exchange’s indices were wavering on green notes during the closing session of Monday.

Indices

Egypt’s benchmark index EGX30 ended 0.20 per cent higher to 9446.22 pts; while EGX20 finished 0.18 per cent up to 11231.15 pts.

In the contrary, the mid- and small-cap index, the EGX70 hiked by 0.92 per cent to finish at 623.86 pts. The price index EGX100 also surged by 0.66 per cent to conclude at 1127.61 pts.  
Furthermore, the market capitalization recorded EGP 518.185 billion on Monday.

Turnovers Still below EGP One billion
Through the closing session of Monday, the trading volume has reached 90.712 million securities, with turnovers worth EGP 593.448 million, exchanged through 17.504 transactions.               
Also during the closing session, 172 listed securities have been traded in; 38 declined, 94 advanced; while 33 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Monday acquiring 78.31% and 5.59% respectively of the total markets, with a net equity of EGP 4.795 million and EGP 1.398 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers on Sunday seizing 16.11% of the total market, with a net equity of EGP 6.193 million, excluding the deals.