Egypt’s stocks ended higher on Monday posting gains worth 1.9 billion Egyptian pounds propelled by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 hiked to cross 9575 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Monday.
Egypt’s benchmark index EGX30 ended 0.46 per cent higher to 9577.93 pts; while EGX20 closed 0.43 per cent up to 11105.51 pts.
In addition, the mid- and small-cap index, the EGX70 rose by 0.09 per cent to finish at 637.43 pts. The price index EGX100 increased by 0.38 per cent to conclude at 1161.91 pts.
Furthermore, the market capitalization recorded EGP 526.003 billion on Monday.
Turnovers Cross EGP One billion
Through the closing session of Monday, the trading volume has reached 260.339 million securities, with turnovers worth EGP 1.102 billion, exchanged through 32.741 thousand transactions.
Also during the closing session, 193 listed securities have been traded in; 82 declined, 77 advanced; while 30 kept their previous levels.
The non-Arab foreign investors were net buyers on Monday capturing 11.51% of the total market, with a net equity of EGP 72.845 million, excluding the deals.
On the other hand, local and Arab were net sellers seizing 80.8% and 7.69% respectively of the total markets, with a net equity of EGP 66.418 million and EGP 6.427 million, respectively, excluding the deals.