Egypt Stocks Open a New Week Higher, EGX30 Nears 9500

Egypt’s stocks kicked off a new week higher with gains worth 1.8 billion Egyptian pounds backed by local investors’ early buying appetite. In addition, the country’s main stock index, EGX30 opened higher hovering over 9500 points level on Sunday.

The Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of Sunday

Indices

The Benchmark EGX30 inched up by 0.69% to 9499.92 p, and EGX20 hiked by 0.83% to 11418.22 p.

In addition, the mid- and small-cap index, the EGX70 went up by 0.48% to 661.88 p.  Price index EGX100 rose by 0.52% to 1174.91 p.

Furthermore, market capitalization reached EGP 526.143 billion, according to data compiled by Amwal Al Ghad English at 11:13 a.m. Cairo time (09:13 GMT).

Trading Volumes & Values

The trading volume has reached 31.231 million securities worth EGP 112.844 million, exchanged through 4586 transactions during Sunday opening.

Also during the opening session, 115 listed securities have been traded in; 18 fell, 74 advanced; while 23 keeping their previous levels.

Investors’ Activities

Local investors were net buyers at early trade acquiring 87.59% of the total market, with a net equity of EGP 7.588 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net sellers seizing 8.27% and 4.14% respectively of the total markets, with a net equity of EGP 6.746 million and EGP 841.988 thousand, excluding the deals.