Egypt’s stocks kicked off trading on Thursday higher attaining gains of 907 million Egyptian pounds triggered by non-Arab foreign investors’ buying appetite. The country’s mains stock index, EGX30 opened up crossing 9310 points.
The Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of Thursday.
The Benchmark EGX30 surged by 0.26% to 9312.3 p, and EGX20 went up by 0.28% to 1178.48 p.
In addition, the mid- and small-cap index, the EGX70 rose by 0.25% to 636.56 p. Price index EGX100 grew by 0.27% to 1140.04 p.
Furthermore, market capitalization reached EGP 514.047 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 22.357 million securities worth EGP 132.533 million, exchanged through 4137 transactions during Thursday opening.
Also during the opening session, 101 listed securities have been traded in; 27 fell, 42 advanced; while 32 keeping their previous levels.
The non-Arab foreign investors were net buyers capturing at early trade 12.99% of the total market, with a net equity of EGP 21.382 million, excluding the deals.
On the other hand, local and Arab investors were net sellers seizing 82.3% and 4.7% respectively of the total markets, with a net equity of EGP 14.709 million and EGP 6.673 million, excluding the deals.