Egypt Stocks start a new Week Higher

Egypt’s stock market shares posted gains worth 2.5 billion Egyptian pounds (US$327.6 million) on Sunday backed by local and Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 also surged above 9785 points.

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

Indices:

The main stock index, EGX30 went up by 0.39 per cent to 9785.31 points. EGX20 rose by 0.42 per cent to 10838.22 points.

Meanwhile, the mid- and small-cap index EGX70 advanced by 0.59% to 599.77 points. The price index, EGX100 grew by 0.55% to 1176.25 points.

Turnovers above below EGP1 billion and Half
Throughout the closing session of Sunday, the trading volume has reached 71.314 million securities, with turnovers climbed to EGP 1.525 billion, exchanged through 15.174 thousand transactions.                       
Also during the closing session, 184 listed securities have been traded in; 57 declined, 92 advanced; while 28 kept their previous levels.
Furthermore, the market capitalization recorded EGP 532.904 billion on Sunday.

Investors’ Activities

Local and Arab investors were net buyers on Sunday capturing 95.78% and 1.32% respectively of the total markets, with a net equity of EGP 25.822 million and EGP 3.225 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 2.91% of the total market, with a net equity of EGP 29.047 million, excluding the deals.