Egypt Stocks Gain EGP1.3bn at Midday, EGX30 Hits 8455

Egypt’s stocks increased during midday session on Monday, posting gains worth 1.3 billion Egyptian pounds bolstered by foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 bloomed at midday trade crossing 8455 points.

Meanwhile, the EGX indices were wavering in green notes during the midday session of Monday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan.

The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan.

Indices

The Benchmark EGX30 inched up by 0.65% to 8455.44 p, and EGX20 increased by 0.57% to 10194.82 p.

In addition, the mid- and small-cap index, the EGX70 rose by 0.29% to 606.32 p. Yet, the Price index EGX100 advanced by 0.31% to 1069.89 p.

Furthermore, market capitalization reached EGP 487.105 billion, according to data compiled by Amwal Al Ghad English at 12:44 p.m. Cairo time (10:44 GMT).

Trading Volumes & Values

The trading volume has recorded 53.389 million securities worth EGP 329.505 million, exchanged through 6022 transactions during Monday midday.

Also during the midday session, 146 listed securities have been traded in; 27 fell, 71 advanced; while 46 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers at midday trade capturing 3.44% and 8.56% respectively of the total markets, with a net equity of EGP 6.169 million and EGP 19.932 million, excluding the deals.

On the other hand, local investors were net sellers seizing 88% of the total market, with a net equity of EGP 26.102 million, excluding the deals.