Egypt Stocks Open New Week Higher, EGX30 Crosses 8750

Egypt’s stocks opened a new week trading higher with gains worth 948 million Egyptian pounds backed by non-Arab foreign buying appetite. In return, the country’s main stock index, EGX30 started trading on Sunday in green above 8750 points.

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

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan.

The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan.

Indices

The Benchmark EGX30 went up by 0.09% to 8752.62 p, and EGX20 increased by 0.42% to 10501.69 p.

In addition, the mid- and small-cap index, the EGX70 rose by 0.13% to 620.5 p.  Price index EGX100 surged by 0.17% to 1097.41 p.

Furthermore, market capitalization reached EGP 497.463 billion, according to data compiled by Amwal Al Ghad English at 11:27 a.m. Cairo time (09:27 GMT).

Trading Volumes & Values

The trading volume has 28.709 million securities worth EGP 90.131 million, exchanged through 4341 transactions during Sunday opening.

Also during the opening session, 117 listed securities have been traded in; 29 fell, 53 advanced; while 35 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers at early trade capturing 9.63% of the total market, with a net equity of EGP 11.425 million, excluding the deals.

On the other hand, Egyptian and Arab investors were net sellers seizing 81.96% and 8.4% respectively of the total markets, with a net equity of EGP 3.878 million and EGP 7.546 million, excluding the deals.