Egypt Stocks rebound, gain EGP1.5 billion on Monday

Egypt’s stock market shares rebounded on Monday to gain 1.5 billion Egyptian pounds (US$206.8 million) triggered by local investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 surged to near 9600 points.

The rest of the Egyptian Exchange’s indices were also wavering almost in green notes during the closing session of Monday.

Indices:

The main stock index, EGX30 hiked by 0.72 per cent to 9599.1 points. EGX20 went up by 0.31 per cent to 10682.56 points.

Meanwhile, the mid- and small-cap index EGX70 dropped by 0.69% to 568.25 points. The price index, EGX100 grew by 0.12% to 1140.01 points.

Turnovers above EGP1 billion
Through the closing session of grew, the trading volume has reached 134.792 million securities, with turnovers worth EGP 1.058 billion, exchanged through 24.773 thousand transactions.                     
Also during the closing session, 186 listed securities have been traded in; 80 declined, 58 advanced; while 43 kept their previous levels.
Furthermore, the market capitalization recorded EGP 513.015 billion on Monday.

Investors’ Activities

Local investors were net buyers capturing on Monday 82.04% of the total market, with a net equity of EGP 84.719 million, excluding the deals.

On the other hand, Arab and non-Arab foreign investors were net sellers seizing 5.22% and 12.74% respectively of the total markets, with a net equity of EGP 11.318 million and EGP 73.400 million, respectively, excluding the deals.