Egypt Stocks Gain EGP4bn on Monday, EGX30 Crosses 9435

Egypt’s stocks ended Monday’s session higher with gains totalling 4.2 billion Egyptian pounds triggered by foreign investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 climbed crossing 9435 points.

The Egyptian Exchange’s indices were wavering in green notes during the closing session of Monday.

Indices

Egypt’s benchmark index EGX30 ended 1.40 per cent higher to 9437.15 pts; and EGX20 closed 1.57 per cent up to 10896.08 pts.

In addition, the mid- and small-cap index, the EGX70 rose by 0.07 per cent to finish at 618.36 pts. The price index EGX100 grew by 0.23 per cent to conclude at 1129.29 pts.  
Furthermore, the market capitalization recorded EGP 508.754 billion on Monday.

Turnovers Exceed EGP One billion
Through the closing session of Monday, the trading volume has reached 359.599 million securities, with turnovers worth EGP 1.305 billion, exchanged through 36.927 transactions.               
Also during the closing session, 180 listed securities have been traded in; 73 declined, 80 advanced; while 25 kept their previous levels.

Investors’ Activities

Arab and the non-Arab foreign were net buyers on Monday attaining 10.05% and 14.63% respectively of the total markets, with a net equity of EGP 18.734 million and EGP 118.331 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 75.32% of the total market, with a net equity of EGP 137.065 million, excluding the deals.