Egypt Stocks start new Week Higher with EGP1.7 billion Gains

Egypt’s stocks finished higher on Sunday backed by local investors’ strong buying appetite. The country’s benchmark index, EGX30 also surged above 9635 points.

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

Indices:

The benchmark index, EGX30 inched up by 0.65 percent to close at 9638.41 points. EGX20 hiked by 0.91 percent to 10690.4 points.

In addition, the mid- and small-cap index EGX70 rose by 0.25% to 567.96 points. The price index, EGX100 grew by 0.38% to 1135.76 points.

Turnovers fall
On Sunday, the trading volume has reached 114.339 million securities, with turnovers climbed to EGP 539.129 million, exchanged through 19.287 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 36 declined, 109 advanced; while 31 kept their previous levels.

Furthermore, the market capitalization recorded EGP 516.581 billion on Sunday.

Investors’ Activities

Local investors were net buyers on Sunday capturing 84.02% of the total market, with a net equity of EGP 43.947 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 11.38% and 4.61% respectively of the total markets, with a net equity of EGP 41.562 million and EGP 2.385 million, respectively, excluding the deals.