Egypt’s EGX30 Crosses 8505 on Monday amid Foreign Buying Appetite

Egypt’s stocks closed higher on Monday with gains totalling 3.3 billion Egyptian pounds triggered by foreign investors’ buying appetite. In return, the country’s main stock index, EGX30 climbed 1.3% exceeding 8505 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Monday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 1.28 per cent higher to 8508.98 pts; while EGX20 finished 1.09 per cent up to 10247.51 pts.     
In addition, the mid- and small-cap index, the EGX70 grew by 0.55 per cent to end at 607.85 pts. The price index EGX100 hiked by 0.98 per cent to conclude at 1077.02 pts.  
Furthermore, the market capitalization recorded EGP 489.075 billion on Monday.

Turnovers below EGP 1 billion
Through the closing session of Monday, the trading volume has reached 117.121 million securities, with turnovers worth EGP 608.415 million, exchanged through 12.551 transactions.               
Also during the closing session, 168 listed securities have been traded in; 26 declined, 100 advanced; while 39 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Monday capturing 10.77% and 4.86% respectively of the total markets, with a net equity of EGP 41.237million and EGP 13.563 million respectively, excluding the deals.

On the contrary, Egyptian investors were net sellers seizing 84.37% of the total market, with a net equity of EGP 54.801 million, excluding the deals.