Egypt’s stocks closed Monday higher with gains totalling 1.1 billion Egyptian pounds backed by a return of local and non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 went up above 8530 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Monday.
Egypt’s benchmark index EGX30 ended 0.13 per cent higher to 8534.89 pts; and EGX20 finished 0.32 per cent up to 9759.64 pts.
In addition, the mid- and small-cap index, the EGX70 climbed by 1.32 per cent to finish at 575.95 pts. The price index EGX100 surged by 1.01 per cent to conclude at 1052.49 pts.
Furthermore, the market capitalization recorded EGP 485.706 billion on Monday.
Turnovers below EGP One billion
Through the closing session of Monday, the trading volume has reached 182.251 million securities, with turnovers worth EGP 736.541 million, exchanged through 29.392 transactions.
Also during the closing session, 174 listed securities have been traded in; 44 declined, 98 advanced; while 29 kept their previous levels.
Local and the non-Arab foreign investors were net buyers on Monday capturing 71.28% and 16.93% respectively of the total markets, with a net equity of 4.746 million and EGP 13.206 million, respectively, excluding the deals.
On the other hand, Arab investors were net sellers seizing 11.79% of the total market, with a net equity of EGP 17.953 million, excluding the deals.