Egypt Stocks Open a new Week Higher, Gain EGP1.06 bln

Big 5

Egypt’s stocks begin a new week of trading higher with early gains amounting to 1.06 billion Egyptian pounds powered by local investors’ buying appetite. Accordingly, the main stock index, EGX30 opened higher approaching 8245 points on Sunday.

The Egyptian Exchange indices were wavering on green notes during the opening trading session on Sunday.

The Benchmark EGX30 inched up by 0.41% to 8244.35 p, and EGX20 rose by 0.52% to 9838.12 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.27% to 607.38 p. Price index EGX100 advanced by 0.32% to 1060.11 p.

Furthermore, market capitalization reached EGP 478.841 billion, according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (09:22 GMT).

Trading Volumes & Values

The trading volume has recorded 30.533 million securities worth EGP 210.774 million, exchanged through 2346 transactions during Sunday opening.

Also during the opening session, 82 listed securities have been traded in; 11 fell, 43 advanced; while 28 keeping their previous levels.

Investors’ Activities

Local investors were net buyers capturing 97.95% of the total market, with a net equity of EGP 4.387 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net sellers seizing 1.39% and 0.66% respectively of the total markets, with a net equity of EGP 3.821 million and EGP 565.414 thousand respectively, excluding the deals.