Egypt Stocks Surge at Midday

Egypt’s bourse incurred humble losses at midday trade on Sunday worth 497 million Egyptian pounds driven by local investors’ selling pressure. Yet, the country’s main stock index, EGX30 surged above 9750 points.

Meanwhile, the EGX indices were wavering on green notes during the midday session of Sunday.

Indices

The Benchmark EGX30 went up by 0.22% to 9750.75 p, and EGX20 rose by 0.35% to 11576.3 p.

In the contrary, the mid- and small-cap index, the EGX70 rose by 0.01% to 631.96 p. Also, the Price index EGX100 advanced by 0.18% to 1154.56 p.

Furthermore, market capitalization reached EGP 526.704 billion, according to data compiled by Amwal Al Ghad English at 12:58 p.m. Cairo time (09:58 GMT).

Trading Volumes & Values

The trading volume has recorded 67.863 million securities worth EGP 356.041 million, exchanged through 13.192 transactions during Sunday midday.

Also during the midday session, 151 listed securities have been traded in; 62 fell, 57 advanced; while 30 keeping their previous levels.

Investors’ Activities

Local investors were net sellers at midday trade seizing 86.28% of the total market, with a net equity of EGP 5.915 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net buyers capturing 6.58% and 7.14% respectively of the total markets, with a net equity of EGP 1.965 million and EGP 3.949 million, excluding the deals.