Egypt Stocks gain $721mn on Monday, EGX30 surges

Egypt’s stocks revived on Monday with gains totalling 5.16 billion Egyptian pounds (US$721.4 million) bolstered by foreign investors’ strong buying appetite. The country’s main stock index, EGX30 ended higher crossing 9105 points.

The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Monday.

Indices:

The main stock index, EGX30 surged by 2.24 per cent to 9109.23 points. EGX20 also climbed by 2.61 per cent to 10088.17.

Meanwhile, the mid- and small-cap index, EGX70 and price index, EGX100 both hiked, up 0.93 per cent and 1.30 percent, to close at 576.4 and 1125.15 points, respectively.

Turnovers
Through the closing session of Monday, the trading volume has reached 147.080 million securities, with turnovers worth EGP 773.136 million, exchanged through 23.634 thousand transactions.                   
Also during the closing session, 177 listed securities have been traded in; 27 declined, 125 advanced; while 23 kept their previous levels.
Furthermore, the market capitalization recorded EGP 501.515 billion on Monday.

Investors’ Activities

Arab and non-Arab foreign investors were net buyers on Monday acquiring 4.46% and 18.28% respectively of the total markets, with a net equity of EGP 4.137 million and EGP 26.691 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 77.26% of the total market, with a net equity of EGP 30.828 million, excluding the deals.