Egypt stocks start week 1.3% higher

Egyptian stock market started week higher backed by foreign investors’ buying appetite. Main index, EGX30 climbed 1.29 percent, to 8241.16 points.

Other indices; EGX50 EWI index also rose 0.71 percent, to 1383.61 points; EGX20 added 0.64 percent, to 8313.27 points.

Mid- and small-cap index EGX70 were 0.02 percent higher, to 356.69 points. Price index, EGX100 inched up 1.68 percent, to 819.6 points.

Market Cap

Market capitalisation gained 2.6 billion Egyptian pounds ($292.7 million), to record 414.740 billion pounds during the closing session of Sunday.

Turnovers

The bourse’s trading volume reached 420.957 million securities, with turnovers, closing at 101.565 million pounds, exchanged through 15,271 transactions.

Also during the closing session, 161 listed securities have been traded in, 39 declined, 72 advanced; while 49 kept their previous levels.

Investors’ Activities

Non-Arab foreign and Arab investors were net buyers controlling 14.89 and 4.58 percent respectively of the total markets, with a net equity of 32.575 million pounds and 1.196 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers capturing 80.53 percent of the total market, with a net equity of 33.771 million pounds, excluding the deals.