Egypt Stocks Gain EGP4bn on Sunday, EGX30 Jumps near 9500

Egypt’s stocks closed the first sessions of this week higher, with gains totalling 4 billion Egyptian pounds bolstered by local investors’ strong buying appetite. The country’s main stock index, EGX30 soared on Sunday to hover around the level of 9500 points.

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

Indices

Egypt’s benchmark index EGX30 ended 1.30 per cent higher to 9495.3 pts; while EGX20 finished 1.64 per cent up to 11441.51 pts.     
In addition, the mid- and small-cap index, the EGX70 inched up by 1.19 per cent to finish at 660.07 pts. The price index EGX100 surged by 1.11 per cent to conclude at 1178.41 pts.  
Furthermore, the market capitalization recorded EGP 523.835 billion on Sunday.

Turnovers above EGP One billion and Half
Through the closing session of Sunday, the trading volume has reached 154.862 million securities, with turnovers worth EGP 1.678 billion, exchanged through 23.397 transactions.               
Also during the closing session, 187 listed securities have been traded in; 37 declined, 112 advanced; while 33 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Sunday capturing 94.1% of the total market, with a net equity of EGP 20.670 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 3.71% and 2.19% respectively of the total markets, with a net equity of EGP 18.040 million and EGP 2.629 million respectively, excluding the deals.