Egyptian Stocks Mostly Bullish at Midday, EGX30 Solely Falls

Egypt’s stocks were mostly in green notes on during Monday’s midday trade posting gains worth 564 million Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. Yet, the country’s main stock index, EGX30 solely dropped amid Arab selling pressures.

Indices

The Benchmark EGX30 fell by 0.11% to 8514.57 p; while EGX20 rose by 0.10% to 9738.47 p.

In addition, the mid- and small-cap index, the EGX70 inched up by 1.10% to 574.69 p. Also, the Price index EGX100 hiked by 0.71% to 1049.36 p.

Furthermore, market capitalization reached EGP 485.136 billion, according to data compiled by Amwal Al Ghad English at 13:30 p.m. Cairo time (11:30 GMT).

Trading Volumes & Values

The trading volume has recorded 130.231 million securities worth EGP 420.233 million, exchanged through 20.385 transactions during Monday midday.

Also during the midday session, 159 listed securities have been traded in; 38 fell, 87 advanced; while 31 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers capturing 75.06% and 14.89% respectively of the total markets, with a net equity of EGP 5.108 million and EGP 22.252 million, excluding the deals.

On the other hand, Arab investors were net sellers at midday trade seizing 10.05% of the total market, with a net equity of EGP 27.360 million, excluding the deals.