Egypt Stocks Gain EGP2 billion on Local, Arab Buying

Egypt’s stocks ended higher on Monday with gains totalling 1.9 billion Egyptian pounds (US$265.7 million) bolstered by local and Arab investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 hiked to cross 9010 points.

Indices

Egypt’s benchmark index EGX30 closed 0.77 per cent higher to 9011.07 pts; while EGX20 ended 0.08 per cent up to 10045.7 pts.

Meanwhile, the mid- and small-cap index, the EGX70 surged by 0.70 per cent to finish at 573.21 pts. The price index EGX100 inched up by 1.21 per cent to conclude at 1108.45 pts.

Furthermore, the market capitalization recorded EGP 503.104 billion on Monday.

Turnovers below One billion Pounds
Through the closing session of Monday, the trading volume has reached 132.582 million securities, with turnovers worth EGP 549.765 million, exchanged through 22.773 thousand transactions.                  
Also during the closing session, 184 listed securities have been traded in; 53 declined, 95 advanced; while 31 kept their previous levels.

Investors’ Activities

Local and Arab investors remained net buyers on Monday capturing 76.85% and 4.34% respectively of the total markets, with a net equity of EGP 13.981 million and EGP 11.629 million, respectively, excluding the deals

On the other hand, the non-Arab foreign investors were net sellers seizing 18.81% of the total market, with a net equity of EGP 25.611 million, excluding the deals.