Egypt’s stocks closed higher on Monday with gains totalling 5.7 billion Egyptian pounds backed by local investors’ buying appetite.
The country’s main stock index, EGX30 surged to near the level of 9460 points.
Egypt’s benchmark index EGX30 ended 0.92 per cent higher to 9459.6 pts; and EGX20 closed 0.87 per cent up to 10982.1 pts.
In addition, the mid- and small-cap index, the EGX70 went up by 0.79 per cent to finish at 633.71 pts. The price index EGX100 grew by 0.76 per cent to conclude at 1144.43 pts.
Furthermore, the market capitalization recorded EGP 529.594 billion on Monday.
Turnovers below EGP One billion
Through the closing session of Monday, the trading volume has reached 194.820 million securities, with turnovers worth EGP 852.504 million, exchanged through 28.727 transactions.
Also during the closing session, 182 listed securities have been traded in; 49 declined, 100 advanced; while 31 kept their previous levels.
Local investors were net buyers capturing on Monday 73.46% of the total market, with a net equity of EGP 39.700 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 20.92% and 5.62% respectively of the total markets, with a net equity of EGP 13.521 million and EGP 26.178 million, respectively, excluding the deals.