Stocks in Egypt start new week 1.07% higher

Egypt’s stock market surge Sunday registering gains worth 1.7 billion Egyptian pounds (US$217 million) backed by non-Arab investors’ buying appetite.

Market capitalisation has recorded 387.953 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 climbed 1.07 percent to 6007.88 points.

The EGX50 EWI index grew higher 1.21 percent to 1110.4 points.

EGX20 rose 0.96 percent to 6028.17 points.

In addition, the mid- and small-cap index EGX70 hiked 0.83 percent to 352.29 points. The price index, EGX100 increased 0.98 percent 711.33 points.

Turnovers humble

On Sunday, the bourse’s trading volume has hit 124.857 million securities, with turnovers closed at 419.181 million Egyptian pounds, exchanged through 16,965 thousand transactions.

Also during the closing session,152 listed securities have been traded in; 29 declined, 73 advanced; while 49 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net buyers Sunday getting 4.74 percent of the total market, with a net equity of 7.746 million pounds, excluding the deals.

On the contrary, local and Arab investors were net sellers seizing 91.84 percent and 3.42 percent respectively of the total markets, with a net equity of 5.283 million pounds and 2.462 million pounds, respectively, excluding the deals.