Egypt Stocks edge up on Monday, EGX30 crosses 9600

Egypt’s stock market shares surged on Monday gaining around 4 billion Egyptian pounds (US$511.3 million) powered by non-Arab investors’ strong buying appetite.  Accordingly, the country’s main stock index, EGX30 climbed above 9600 points.

Meanwhile, the rest of the Egyptian Exchange’s indices were wavering mostly on green notes during the closing session of Monday, except for the mid- and small-cap index EGX70, which solely fell.

Indices:

The EGX30 inched up by 1.12 percent to close at 9601.14 points. EGX20 grew by 1.02 percent to 10526.99 points.

In addition, the mid- and small-cap index EGX70 went down by 0.16% to 572.63 points. The price index, EGX100 rose by 0.18% to 1141.83 points.

Turnovers Climb
Throughout the closing session of Monday, the trading volume has reached 199.813 million securities, with turnovers climbed to EGP 1.456 billion, exchanged through 20.254 thousand transactions.                       
Also during the closing session, 183 listed securities have been traded in; 63 declined, 80 advanced; while 31 kept their previous levels.
Furthermore, the market capitalization recorded EGP 517.261 billion on Monday.

Investors’ Activities

The non-Arab foreign investors were net buyers on Monday capturing 10.58% of the total market, with a net equity of EGP 19.065 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 87.23% and 2.2% respectively of the total markets, with a net equity of EGP 8.900 million and EGP 10.165 million, respectively, excluding the deals.