Egypt Stocks Open New Week with EGP1.8bn Gains

Egypt’s stocks opened this week higher with early gains worth 1.8 billion Egyptian pounds powered by foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 started trading higher above 8830 points.

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

Indices

The Benchmark EGX30 went up by 0.39% to 8831.94 p. In addition, EGX20 rose by 0.72% to 10175.57 p.

The mid- and small-cap index, the EGX70 also increased by 0.06% to 592.82 p.  Price index EGX100 advanced by 0.07% to 1078.03 p.

Furthermore, market capitalization reached EGP 497.869 billion, according to data compiled by Amwal Al Ghad English at 11:34 a.m. Cairo time (09:34 GMT).

Trading Volumes & Values

The trading volume has reached 104.963 million securities worth EGP 185.669 million, exchanged through 7981 transactions during Sunday opening.

Also during the opening session, 130 listed securities have been traded in; 55 fell, 49 advanced; while 26 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at early trade attaining 5.59% and 8.34% respectively of the total markets, with a net equity of EGP 2.095 million and EGP 9.503 million, excluding the deals.

On the other hand, local investors were net sellers seizing 86.07% of the total market, with a net equity of EGP 11.598 million, excluding the deals.