Egypt Stocks Gain EGP1.3bn Sunday, EGX30 Hits 74-month High

Egypt’s stocks ended Sunday’s trading higher with gains amounting to 1.3 billion Egyptian pounds triggered by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 surged most in 74 months, above 9720 points.

However, the Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.76 per cent higher to 9723.49 pts; while EGX20 finished 0.90 per cent up to 11707.51 pts.     
In addition, the mid- and small-cap index, the EGX70 grew by 0.14 per cent to finish at 660.8 pts. The price index EGX100 rose by 0.38 per cent to conclude at 1181.2 pts.  
Furthermore, the market capitalization recorded EGP 530.431 billion on Sunday.

Turnovers below EGP One billion
Through the closing session of Sunday, the trading volume has reached 134.876 million securities, with turnovers worth EGP 700.906 million, exchanged through 24.388 transactions.               
Also during the closing session, 177 listed securities have been traded in; 89 declined, 61 advanced; while 27 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Sunday acquiring 8.73% of the total market, with a net equity of EGP 50.614 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 80.8% and 10.48% respectively of the total markets, with a net equity of EGP 17.971 million and EGP 32.643 million, respectively, excluding the deals.