Egypt Stocks Open New Week with EGP4bn Gains

Egypt’s stocks opened this week higher with gains worth 4.3 billion Egyptian pounds backed by foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 started trading bullish on Sunday to reach 9432 points.

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

Indices

The Benchmark EGX30 grew by 0.13% to 9432.67 p. In addition, EGX20 rose by 0.17% to 10971.36 p.

The mid- and small-cap index, the EGX70 also climbed by 1.42% to 626.65 p.  Price index EGX100 advanced by 0.86% to 1136.08 p.

Furthermore, market capitalization reached EGP 523.853 billion, according to data compiled by Amwal Al Ghad English at 11:36 a.m. Cairo time (09:36 GMT).

Trading Volumes & Values

The trading volume has reached 61.495 million securities worth EGP 151.106 million, exchanged through 7208 transactions during Sunday opening.

Also during the opening session, 132 listed securities have been traded in; 28 fell, 73 advanced; while 31 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at early trade attaining 4.73% and 6.71% respectively of the total markets, with a net equity of EGP 6.196 million and EGP 2.195 million, excluding the deals.

On the other hand, local investors were net sellers seizing 88.56% of the total market, with a net equity of EGP 8.392 million, excluding the deals.