Egypt stocks start week 0.17% higher

Egypt’s stock market rose on Sunday powered by local investors’ buying appetite.

Main index, EGX30 inched up 0.17 percent, to 8357.42 points.

Other indices; EGX50 EWI index added 0.28 percent, to 1307.85 points; EGX20 grew 0.16 percent, to 8258.5 points.

Mid- and small-cap index EGX70 hiked 0.45 percent, to 340.83 points. Price index, EGX100 advanced 0.47 percent, to 803.49 points.

Market Cap

Market capitalisation gained 652 million million Egyptian pounds ($73.4 million), to record 411.708 billion pounds during the closing session of Sunday.

Turnovers rose

The bourse’s trading volume reached 161.926 million securities, with turnovers, closing at 1.501 billion pounds, exchanged through 15,246 transactions.

Also during the closing session, 163 listed securities have been traded in, 48 declined, 76 advanced; while 36 kept their previous levels.

Investors’ Activities

Local investors were net buyers capturing 95.89 percent of the total market, with a net equity of 40.125 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net sellers controlling 2.51 and 1.6 percent respectively of the total markets, with a net equity of 39.776 million pounds and 348,723 pounds, respectively, excluding the deals.