Egypt Stocks Gain EGP9.5bn on Sunday as Local Investors Buy

Egypt’s stock market shares closed remarkably higher on the first day of trading this week, gaining 9.5 billion Egyptian pounds (US$1.3 billion) backed by local investors’ buying appetite.

The country’s benchmark index, EGX30 surged on Sunday to near 8700 points.

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

Indices

Egypt’s benchmark index EGX30 ended 3.46 per cent higher to 8690.43 pts; while EGX20 closed 4.05 per cent up to 9799.57 pts.

In addition, the mid- and small-cap index, the EGX70 pushed up by 2.46 per cent to finish at 555.86 pts. The price index EGX100 climbed by 2.55 per cent to conclude at 1056.83 pts.

Furthermore, the market capitalization recorded EGP 485.568 billion on Sunday.

Turnovers Exceed Two billion Pounds
Through the closing session of Sunday, the trading volume has reached 200.403 million securities, with turnovers worth EGP 2.248 billion, exchanged through 25.223 thousand transactions.                 
Also during the closing session, 186 listed securities have been traded in; 9 declined, 144 advanced; while 21 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Sunday capturing 71.13% of the total market, with a net equity of EGP 18.629 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 26.94% and 1.93% respectively of the total markets, with a net equity of EGP 12.368 million and EGP 6.261 million, respectively, excluding the deals.