Egypt Stocks Gain EGP2 billion on Sunday

Egypt’s stocks closed higher on Sunday with gains worth 2 billion Egyptian pounds powered by foreign investors’ buying appetite. Accordingly, the main stock index, EGX30 also surged above 8320 points.

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

EGX operates with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 0.76 per cent higher to 8321.53 pts; while EGX20 finished 0.88 per cent up to 10100.66 pts.     
On the other hand, the mid- and small-cap index, the EGX70 hiked by 0.94 per cent to end at 605.91 pts. The price index EGX100 grew by 0.88 per cent to conclude at 1059.67 pts.  
Furthermore, the market capitalization recorded EGP 483.862 billion on Sunday.

Turnovers Near EGP 1 billion
Through the closing session of Sunday, the trading volume has reached 130.016 million securities, with turnovers worth EGP 922.525 million, exchanged through 17.044 transactions.               
Also during the closing session, 170 listed securities have been traded in; 32 declined, 102 advanced; while 30 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net buyers on Sunday capturing 2.25% and 1.82% respectively of the total markets, with a net equity of EGP 4.507 million and EGP 3.104 million respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers seizing 95.93% of the total market, with a net equity of EGP 7.612 million, excluding the deals.