Egypt Stocks open a New Week Higher, EGX30 Hits 8375

Egypt’s stocks opened a new week higher with gains amounting to 2.3 billion Egyptian pounds powered by foreign investors’ early buying appetite. In addition, the main stock index, EGX30 started this week also higher to hit 8375 points on Sunday.

Meanwhile, the EGX indices were wavering in green notes during the opening session of Sunday.

Indices

The Benchmark EGX30 inched up by 0.43% to 8375.87 p, and EGX20 rose by 0.53% to 10120.16 p.

In addition, the mid- and small-cap index, the EGX70 increased by 0.40% to 591.96 p.  Price index EGX100 also grew by 0.38% to 1041.14 p.

Furthermore, market capitalization reached EGP 483.052 billion, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (08:07 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 14.702 million securities worth EGP 35.240 million, exchanged through 1447 transactions during Sunday opening.

Also during the opening trade, 65 listed securities have been traded in; 6 fell, 35 advanced; while 24 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors and Arab investors were net buyers at early trade on Sunday seizing 6.25% and 8.73% respectively of the total markets, with a net equity of EGP 132.178 thousand and EGP 1.808 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers capturing 85.02% of the total market, with a net equity of EGP 1.940 million, excluding the deals.

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