Egypt Stocks Surge on Sunday, EGX30 Crosses 9530

Backed by foreign investors’ strong buying appetite, Egypt’s stocks closed Sunday’s trading higher with gains totalling 2.1 billion Egyptian pounds. In addition, the country’s main stock index, EGX30 surged above 9530 points.

The Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.79 per cent higher to 9533.74 pts; while EGX20 closed 1.02 per cent up to 11058.39 pts.

In addition, the mid- and small-cap index, the EGX70 increased by 0.29 per cent to finish at 636.83 pts. The price index EGX100 rose by 0.34 per cent to conclude at 1157.51 pts.  
Furthermore, the market capitalization recorded EGP 524.050 billion on Sunday.

Turnovers Cross EGP One billion and Half
Through the closing session of Sunday, the trading volume has reached 226.999 million securities, with turnovers worth EGP 1.538 billion, exchanged through 27.716 thousand transactions.                 
Also during the closing session, 184 listed securities have been traded in; 58 declined, 96 advanced; while 26 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net buyers on Sunday capturing 4.27% and 3.65% respectively of the total markets, with a net equity of EGP 5.704 million and EGP 9.697 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 92.08% of the total market, with a net equity of EGP 15.402 million, excluding the deals.