Egyptian Indices gain EGP7 billion on Monday

Egypt’s stock market shares surged on Monday with gains worth 7 billion (US$918.5 million) amid foreign investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 hiked above 9830 points.

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

Indices:

The main stock index, EGX30 inched up by 0.52 per cent to 9830.46 points. EGX20 rose by 0.06 per cent to 10914.21 points.

Meanwhile, the mid- and small-cap index EGX70 grew by 0.77% to 578.39 points. The price index, EGX100 also advanced by 0.56% to 1145.3 points.

Turnovers below EGP1 billion
Throughout the closing session of Monday, the trading volume has reached 105.742 million securities, with turnovers climbed to EGP 568.244 million, exchanged through 21.982 thousand transactions.                       
Also during the closing session, 180 listed securities have been traded in; 47 declined, 95 advanced; while 35 kept their previous levels.
Furthermore, the market capitalization recorded EGP 538.715 billion on Monday.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Monday capturing 12.66% and 4.9% respectively of the total markets, with a net equity of EGP 10.262 million and EGP 14.248 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 82.44% of the total market, with a net equity of EGP 24.511 million, excluding the deals.