Egypt Stocks Open 2015 with EGP1bn Gains

Egypt’s stocks closed higher on Sunday in the first trading session of 2015, finishing with gains worth 1.15 billion Egyptian pounds (US$160.7 million). Backed by local and Arab investors’ buying appetite, the country’s main stock index, EGX30 inched higher to approach 8945 points.

Indices

Egypt’s benchmark index EGX30 closed 0.18 per cent higher to 8942.65 pts; while EGX20 ended 0.06 per cent up to 10037.2 pts.

Meanwhile, the mid- and small-cap index, the EGX70 grew by 0.67 per cent to finish at 569.2 pts. The price index EGX100 rose by 0.44 per cent to conclude at 1095.25 pts.

Furthermore, the market capitalization recorded EGP 501.172 billion on Sunday.

Turnovers below One billion Pounds
Through the closing session of Sunday, the trading volume has reached 119.336 million securities, with turnovers worth EGP 862.385 million, exchanged through 14.977 thousand transactions.                  
Also during the closing session, 163 listed securities have been traded in; 35 declined, 95 advanced; while 29 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Sunday capturing 56.91% and 8.29% respectively of the total markets, with a net equity of EGP 321.248 million and EGP 124.621 million, respectively, excluding the deals

On the other hand, the non-Arab foreign investors were net sellers seizing 34.8% of the total market, with a net equity of EGP 445.870 million, excluding the deals.