Egypt’s stocks closed higher on Sunday with gains totalling 2.8 billion Egyptian pounds backed by foreign investors’ strong buying appetite and with turnovers nearing one billion and half pounds. In addition, the country’s main stock index, EGX30 closed above 9440 points.
Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Sunday.
Egypt’s benchmark index EGX30 ended 0.61 per cent higher to 9443.81 pts; while EGX20 finished 0.46 per cent up to 11294.12 pts.
In addition, the mid- and small-cap index, the EGX70 surged by 1.83 per cent to finish at 654.68 pts. The price index EGX100 inched up by 1.47 per cent to conclude at 1166.42 pts.
Furthermore, the market capitalization recorded EGP 519.780 billion on Sunday.
Turnovers Cross EGP One billion
Through the closing session of Sunday, the trading volume has reached 171.301 million securities, with turnovers worth EGP 1.454 billion, exchanged through 30.799 transactions.
Also during the closing session, 188 listed securities have been traded in; 69 declined, 91 advanced; while 24 kept their previous levels.
The non-Arab foreign and Arab investors were net buyers on Sunday acquiring 3.16% and 1.69% respectively of the total markets, with a net equity of EGP 11.300 million and EGP 242.473 thousand respectively, excluding the deals.
On the other hand, local investors were net sellers seizing 95.15% of the total market, with a net equity of EGP 11.542 million, excluding the deals.