Egypt Stocks Open New Week Mixed, EGX30 Nears 8840

Egypt’s stocks opened a new week in mixed notes with early humble gains amounting to 36 million Egyptian pounds. The country’s main stock index, EGX30 rose at early trade on Sunday hovering around 8840 points backed by local and non-Arab foreign investors’ buying appetite.

Indices

The Benchmark EGX30 went up by 0.15% to 8839.9 p, and EGX20 rose by 0.30% to 10547.47 p.

On the other hand, the mid- and small-cap index, the EGX70 slumped by 0.11% to 627.51 p.  Price index EGX100 dipped by 0.02% to 1108.51 p.

Furthermore, market capitalization reached EGP 501.094 billion, according to data compiled by Amwal Al Ghad English at 11:12 a.m. Cairo time (09:12 GMT).

Trading Volumes & Values

The trading volume has 43.426 million securities worth EGP 240.616 million, exchanged through 5647 transactions during Sunday opening.

Also during the opening session, 121 listed securities have been traded in; 56 fell, 40 advanced; while 24 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers at early trade capturing 94.46% and 2.53% respectively of the total markets, with a net equity of EGP 2.433 million and EGP 9.833 thousand, excluding the deals.

On the other hand, Arab investors were net sellers seizing 3.01% of the total market, with a net equity of EGP 2.443 million, excluding the deals.