Foreign Investors Triggered Egypt Shares to Gain EGP783 mln at Midday

Egyptian stocks rallied during midday session on Monday powered by non-Arab foreign buying appetite. The benchmark index also hiked to cross 7050 points Monday noon.

The Egyptian Exchange indices were wavering in green notes during midday trading session of Monday.

The Benchmark EGX30 inched up by 0.70% to 7051.98 p; EGX20 also rose by 0.64% to 8277.24 p.

Additionally, the mid- and small-cap index, the EGX70 increased by 0.35% to 557.89 p.  Price index EGX100 hiked by 0.27% to 947.67 p.

The capital market has hit EGP 437.762 billion during the midday session, according to data compiled by Amwal Al Ghad English at 12.54 p.m. Cairo time (10:54 GMT).

Trading Volumes & Values

The trading volume has recorded 128.656 million securities worth EGP 291.732 million, exchanged through 11.776 transactions during Monday midday.

Also during the midday session, 151 listed securities have been traded in; 40 fell, 78 advanced; while 33 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers acquiring 8.91% of the total market, with a net equity of EGP 8.411 million, excluding the deals.

On the contrary, Egyptians and Arabs were net sellers seizing 85.57% and 5.53% respectively of the total markets, with a net equity of 5.672 million and 2.738 million respectively, excluding the deals.