Egyptian Shares Gain EGP65 Mln at Open, EGX30 Slightly down

Big 5

Egypt’s stocks opened Monday with humble gains amounting to 65 million Egyptian pounds. However, the main stock index, EGX30 solely fell at early trade driven by local and non-Arab foreign investors’ sell-offs.

The Benchmark EGX30 dipped by 0.03% to 8224.57 p, and EGX20 rose by 0.06% to 9830.3 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.02% to 606.14 p. Price index EGX100 advanced by 0.04% to 1055.76 p.

Furthermore, market capitalization reached EGP 478.129 billion, according to data compiled by Amwal Al Ghad English at 11:20 a.m. Cairo time (09:20 GMT).

Trading Volumes & Values

The trading volume has recorded 16.896 million securities worth EGP 63.286 million, exchanged through 2291 transactions during Monday opening.

Also during the opening session, 80 listed securities have been traded in; 29 fell, 26 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arab investors were net buyers capturing at early trade on Monday 10.8% of the total market, with a net equity of EGP 4.161 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net sellers seizing 83.17% and 6.03% respectively of the total markets, with a net equity of EGP 388.430 thousand and EGP 3.773 million respectively, excluding the deals.