Egypt Stocks Gain EGP1.2bn on Monday amid Local, Arab Buyers

Egypt’s stock market shares gained on Monday 1.2 billion triggered by local and Arab investors’ buying appetite.

The country’s benchmark index, EGX30 advanced to end above 8700 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.15 per cent higher to 8703.32 pts; while EGX20 closed 0.52 per cent up to 9850.09 pts.

In addition, the mid- and small-cap index, the EGX70 went up by 0.46 per cent to finish at 558.39 pts. The price index EGX100 rose by 0.56 per cent to conclude at 1062.71 pts.

Furthermore, the market capitalization recorded EGP 486.748 billion on Monday.

Turnovers above One billion Pounds
Through the closing session of Monday, the trading volume has reached 155.681 million securities, with turnovers worth EGP 1.143 billion, exchanged through 25.703 thousand transactions.                 
Also during the closing session, 182 listed securities have been traded in; 55 declined, 91 advanced; while 30 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Monday capturing 89.72% and 3.02% respectively of the total markets, with a net equity of EGP 31.440 million and EGP 16.570 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 7.26% of the total market, with a net equity of EGP 48.011 million, excluding the deals.