Egyptian Stocks Open a New Week Higher, EGX30 Nears 9500

Egypt’s stocks open a new week higher with early gains worth 1.4 billion Egyptian pounds triggered by foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 started trading on Sunday higher above 9495 points.

Indices

The Benchmark EGX30 surged by 0.39% to 9495.05 p. In addition, EGX20 grew by 0.56% to 11007.71 p.

The mid- and small-cap index, the EGX70 went up by 0.48% to 638 p.  Price index EGX100 rose by 0.40% to 1158.16 p.

Furthermore, market capitalization reached EGP 523.363 billion, according to data compiled by Amwal Al Ghad English at 11:12 a.m. Cairo time (09:12 GMT).

Trading Volumes & Values

The trading volume has reached 51.288 million securities worth EGP 163.411 million, exchanged through 5053 transactions during Sunday opening.

Also during the opening session, 127 listed securities have been traded in; 21 fell, 74 advanced; while 32 keeping their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net buyers at early trade capturing 12.61% and 5.06% respectively of the total markets, with a net equity of EGP 9.224 million and EGP 145.170 thousand, excluding the deals.

On the other hand, local investors were net sellers seizing 82.33% of the total market, with a net equity of EGP 9.369 million, excluding the deals.