Egypt’s Main Stock Index Jumps to Six-year High on Monday

Egypt’s stocks ended higher on Monday, attaining gains totalling 4 billion Egyptian pounds bolstered by foreign institutions’ strong buying appetite. The country’s main stock index, EGX30 jumped to its highest level since mid-2008, approaching 8920 points.

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

Indices

Egypt’s benchmark index EGX30 ended 1.31 per cent higher to 8918 pts; while EGX20 finished 1.18 per cent up to 10623.75 pts.     
In addition, the mid- and small-cap index, the EGX70 went up by 0.57 per cent to finish at 627.09 pts. The price index EGX100 grew by 0.23 per cent to conclude at 1106.19 pts.  
Furthermore, the market capitalization recorded EGP 502.403 billion on Monday.

Turnovers still below EGP One billion
Through the closing session of Monday, the trading volume has reached 182.192 million securities, with turnovers worth EGP 728.755 million, exchanged through 29.654 transactions.               
Also during the closing session, 179 listed securities have been traded in; 49 declined, 106 advanced; while 23 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Monday capturing 12.19% of the total market, with a net equity of EGP 90.129 million, excluding the deals.

On the contrary, local and Arab investors were net sellers seizing 83.37% and 4.44% respectively of the total markets, with a net equity of EGP 74.611 million and EGP 15.517 million respectively, excluding the deals.