Egypt Stocks Start Trading Higher, EGX30 Nears 9755

Egypt’s stocks kicked off trading higher on Monday with opening gains worth 991 million Egyptian pounds powered by strong buying appetite of local and Arab investors. Accordingly, the country’s main stock index, EGX30 went higher at early trade hovering around 9755 points level.

The Egyptian Exchange (EGX)’s indices were wavering on green notes during the opening session of Monday.

Indices

The Benchmark EGX30 surged by 0.37% to 9754.7 p, unlike EGX20, which grew by 0.18% to 11547.91 p.

In addition, the mid- and small-cap index, the EGX70 increased by 0.31% to 629.83 p.  Price index EGX100 also rose by 0.20% to 1150.59 p.

Furthermore, market capitalization reached EGP 526.201 billion, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT).

Trading Volumes & Values

The trading volume has reached 21.913 million securities worth EGP 132.830 million, exchanged through 4049 transactions during Monday opening.

Also during the opening session, 108 listed securities have been traded in; 34 fell, 34 advanced; while 40 keeping their previous levels.

Investors’ Activities

Local and Arab investors were net buyers at early trade acquiring 82.36% and 4.29% respectively of the total markets, with a net equity of EGP 6.315 million and EGP 349.465 thousand, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 13.34% of the total market, with a net equity of EGP 6.664 million, excluding the deals.