Egypt’s Stocks Open a New Month Higher, EGX30 Crosses 8305

Egypt’s stocks opened a new month and week higher with gains amounting to 5.2 billion Egyptian pounds powered by early local and non-Arab foreign investors’ buying appetite. Accordingly, the main stock index, EGX30 surged at early trade to exceed 8305 points.

The Egyptian Exchange indices were wavering on green notes during the opening trading session on Sunday.

Indices
The Benchmark EGX30 inched up by 0.64% to 8308.63 p, and EGX20 hiked by 0.73% to 9923.15 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.29% to 611.16 p. Price index EGX100 increased by 0.30% to 1067.56 p.

Furthermore, market capitalization reached EGP 483.238 billion, according to data compiled by Amwal Al Ghad English at 11:04 a.m. Cairo time (09:04 GMT).

Trading Volumes & Values

The trading volume has recorded 30.614 million securities worth EGP 66.887 million, exchanged through 2144 transactions during Sunday opening.

Also during the opening session, 83 listed securities have been traded in; 8 fell, 48 advanced; while 27 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net buyers at opening trade on Sunday capturing 93.88% and 2.64% respectively of the total markets, with a net equity of EGP 293.792 thousand and EGP 199.186 thousand respectively, excluding the deals.

On the other hand, Arab investors were net sellers seizing 3.48% of the total market, with a net equity of EGP 492.978 thousand, excluding the deals.