Egypt’s stocks kicked off trading on Thursday higher with gains worth 3.15 billion Egyptian pounds powered by non-Arab foreign investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 also jumped to exceed 9165 points at early trade.
Meanwhile, the Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of Thursday.
The Benchmark EGX30 inched up by 1.32% to 9167.21 p, and EGX20 grew by 1.52% to 11024.44 p.
On the other hand, the mid- and small-cap index, the EGX70 increased by 0.28% to 631.09 p. Price index EGX100 rose by 0.42% to 1124.67 p.
Furthermore, market capitalization reached EGP 509.969 billion, according to data compiled by Amwal Al Ghad English at 11:17 a.m. Cairo time (09:17 GMT).
Trading Volumes & Values
The trading volume has reached 100.650 million securities worth EGP 284.079 million, exchanged through 7834 transactions during Thursday opening.
Also during the opening session, 125 listed securities have been traded in; 26 fell, 68 advanced; while 31 keeping their previous levels.
The non-Arab foreign investors were net buyers at early trade attaining 8.65% of the total market, with a net equity of EGP 25.138 million, excluding the deals.
On the other hand, local and Arab investors were net sellers seizing 84.96% and 6.39% respectively of the total markets, with a net equity of EGP 22.807 million and EGP 2.330 million, excluding the deals.