Egyptian stock market gains 9.1bln pounds, EGX30 rises 2.21pct

Egyptian stock market edged higher on Monday with gains estimated at 9.1 billion Egyptian pounds on foreign buying appetite.

The market capitalisation recorded 620.841 billion pounds during the closing session on Monday.

Indices

Egypt’s benchmark index, EGX30 rose by 2.21 percent to 13002.89 points.

The EGX50 EWI index increased by 1.71 percent to 1970.28 points.

EGX20 inched up by 1.08 percent to 12515.02 points.

In addition, the mid- and small-cap index EGX70 jumped by 2.33 percent to 473.37 points. The price index, EGX100 climbed by 2.19 percent to 1156.64 points.

Turnovers up

On Monday, the bourse’s trading volume has reached 324.304 million securities, with turnovers closed at 1.483 billion pounds, exchanged through 32,286 thousand transactions.

Also during the closing session, 174 listed securities have been traded in; 33 declined, 106 advanced; while 34 kept their previous levels.

Investors’ Activities

Egyptian and Arab investors were net sellers on Monday capturing 83.94 percent and 4.95 percent respectively of the total markets, with a net equity of 107.787 million pounds and 12.763 million pounds, respectively, excluding the deals.

On the contrary, Foreign investors were net buyers getting 11.11 percent of the total market, with a net equity of 120.550 million pounds, excluding the deals.