Egypt Stocks Gain EGP3 bln, Main Gauge Crosses 5475 pt – Midday

Egypt’s stock market posted remarkable gains of EGP 3.3 billion during the midday session of Sunday backed by foreign buyers. The benchmark has climbed to cross 5475 pts.

The Egyptian Exchange’s indices were blooming in green notes on Sunday noon.

Benchmark EGX30 climbed by 1.92% to 5479.05 p; while EGX20 jumped by 1.94% to 6364.18 p.

On the other hand, the mid- and small-cap index, the EGX70 surged by 0.72% to 432.16 p.  Price index EGX100 increased by 0.91% to 739.48 p.

The capital market has reached EGP 361.688 billion during the midday session of Sunday, according to data compiled by Amwal Al Ghad English at 12:16 p.m. Cairo time (10:16 GMT).

Trading Volumes & Values

The trading volume has recorded 54.464 million securities worth EGP 161.214 million, exchanged through 6.990 thousand transactions during Sunday midday.

Investors’ Activity

The non-Arab foreign and Arab buying transaction have backed EGX’s midday gains as they were net buyers seizing 13.99% and 12.08% respectively, of the total market, with net equities of EGP 1.140 million and EGP 7.090 million, excluding the deals.

Meanwhile, Egyptian investors were net sellers seizing 73.93% of the total market, with a net equity of EGP 5.949 million, excluding the deals.