Egypt Stocks Gain $461 million on Sunday, EGX30 Slightly up

Egypt’s stock market shares gained on Sunday 3.3 billion Egyptian pounds (US$461.2 million) backed by non-Arab foreign buying appetite. Yet, the country’s main stock index, EGX30 witnessed a slight rise on the first day of a new trading week.

The Egyptian Exchange’s indices were wavering mostly in green during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.06 per cent higher to 8745.16 pts; while EGX20 closed 0.13 per cent down to 9866.71 pts.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.27 per cent to finish at 560.15 pts. The price index EGX100 increased by 0.07 per cent to conclude at 1072.84 pts.

Furthermore, the market capitalization recorded EGP 497.319 billion on Sunday.

Turnovers above One billion Pounds
Through the closing session of Sunday, the trading volume has reached 118.528 million securities, with turnovers worth EGP 1.040 billion, exchanged through 17.750 thousand transactions.                  
Also during the closing session, 181 listed securities have been traded in; 79 declined, 57 advanced; while 36 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Sunday capturing 5.72% of the total market, with a net equity of EGP 72.652 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 92.27% and 2.01% respectively of the total markets, with a net equity of EGP 63.670 million and EGP 8.981 million, respectively, excluding the deals.