Egypt Stocks Open New Week Bullish, EGX30 Up 1.3%

Egypt’s stocks opened a new week of trading higher with early gains worth 2.7 billion Egyptian pounds backed by the return of foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 started trading in green above 8705 points, to halt 5-session bearish performance.

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

Indices

The Benchmark EGX30 climbed by 1.32% to 8707.05 p. In addition, EGX20 inched up by 1.55% to 9982.06 p.

The mid- and small-cap index, the EGX70 also grew by 1.08% to 578.36 p.  Price index EGX100 also hiked by 0.91% to 1060.04 p.

Furthermore, market capitalization reached EGP 489.380 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 46.602 million securities worth EGP 137.259 million, exchanged through 6755 transactions during Sunday opening.

Also during the opening session, 132 listed securities have been traded in; 28 fell, 79 advanced; while 25 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at early trade attaining 7.14% and 9.92% respectively of the total markets, with a net equity of EGP 4.783 million and EGP 1.955 million, excluding the deals.

On the other hand, local investors were net sellers seizing 82.94% of the total market, with a net equity of EGP 6.739 million, excluding the deals.