Egypt Stocks end in green notes with $130m gains

Egypt’s stock market edged higher on Monday with gains estimated at 1.023 billion Egyptian pounds (US$130 million) on foreigners’ buying appetite.

The market capitalisation has recorded 413.331 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 rose by 0.20 percent to 6408.12 points.

EGX50 EWI index increased by 0.05 percent to 1094.97points.

EGX20 jumped 0.19 percent to 6288.67 points.

In addition, the mid- and small-cap index EGX70 declined by 0.02 percent to 352.94 points. The price index, EGX100 decreased by 0.28 percent to 745.09 points.

Turnovers low

On Monday, the bourse’s trading volume hit 140.368 million securities, with turnovers closed at EGP 343.990 million, exchanged through 13,717 thousand transactions.

Also during the closing session, 162 listed securities have been traded in; 59 declined, 51 advanced; while 45 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday seizing 67.81 % and 2.97 % respectively of the total markets, with a net equity of EGP 18.490 million and EGP 7.424 million, respectively, excluding the deals.

On the contrary, foreign investors were net buyers getting 29.22 % of the total market, with a net equity of EGP 25.915 million, excluding the deals.