Cairo stocks rebound on Monday as local investors buy

Egyptian stock market rose on Monday powered by local investors’ buying appetite.

Egypt’s main index EGX30 surge 0.76 percent, to 6903.81 points.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index gained 1.43 percent, to 1228.03 points; while EGX20 lifted 1.15 percent, to 6926.26 points.

Mid- and small-cap index EGX70 picked up 0.91 percent, to 341.81 points. Price index, EGX100 grew 0.65 percent, to 727.05 points.

Market Caps

Market capitalisation gained 2.4 billion Egyptian pounds ($270.3 million), to record 378.806 billion pounds during the closing session of Monday.

Turnovers

The bourse’s trading volume reached 133.124 million securities, with turnovers, closing at 486.531 million pounds, exchanged through 12,965 transactions.

Also during the closing session, 162 listed securities have been traded in, 27 declined, 93 advanced; while 37 kept their previous levels.

Investors’ Activities

Local investors were net buyers capturing 79.75 percent of the total market, with a net equity of 28.659 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net sellers controlling 16.37 and 3.88 percent respectively of the total markets, with a net equity of 22.660 million pounds and 5.999 million pounds, respectively, excluding the deals.