Egypt Stocks Open in Green, EGX30 Hikes

Egypt’s stocks kicked off trading on Monday higher with gains worth 3.7 billion Egyptian pounds backed by Arab investors’ buying appetite. In the same vein, the country’s main stock index, EGX30 opened trading in green above 9385 points.

The Egyptian Exchange (EGX)’s indices were wavering on green notes during the opening session of Monday.

Indices

The Benchmark EGX30 hiked by 0.16% to 9388.61 p. In addition, EGX20 increased by 0.25% to 10914.16 p.

The mid- and small-cap index, the EGX70 also inched up by 0.66% to 632.88 p.  Price index EGX100 grew by 0.44% to 1140.8 p.

Furthermore, market capitalization reached EGP 527.615 billion, according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT).

Trading Volumes & Values

The trading volume has reached 38.900 million securities worth EGP 107.338 million, exchanged through 5619 transactions during Monday opening.

Also during the opening session, 132 listed securities have been traded in; 31 fell, 68 advanced; while 33 keeping their previous levels.

Investors’ Activities

Arab investors were net buyers at early trade scoring 6.27% of the total market, with a net equity of EGP 7.932 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net sellers seizing 84.31% and 9.41% respectively of the total markets, with a net equity of EGP 4.286 million and EGP 3.645 million, excluding the deals.