Propelled by Foreign Net Buyers, Egypt Shares Open this Week Higher

The Egyptian stocks have opened this week higher posting gains of around EGP 2 billion bolstered by the foreign net buyers. The benchmark index has also begun this week higher approaching 6390 points on Sunday.

The Egyptian Exchange’s indices were wavering in green notes during the opening session.

The Benchmark EGX30 inched up by 0.91% to 6390.01 p; while EGX20 also increased by 0.84% to 7429.27 p.

Additionally, the mid- and small-cap index, the EGX70 rose by 0.59% to 528.47 p.  Price index EGX100 hiked by 0.60% to 886.91 p.

The capital market has opened this week at EGP 410.049 billion on Sunday, 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 recorded 13.308 million securities worth EGP 35.296 million, exchanged through 2385  transactions during Sunday opening.

Also during the opening session, 105 listed securities have been traded in; 7 fell, 73 advanced; while 25 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net buyers seizing 8.28% and 5.51% respectively of the total markets, with a net equity of EGP 4.097 million and EGP 1.066 million respectively, excluding the deals.

Meanwhile, Egyptians were net sellers acquiring 86.21% of the total market, with a net equity of EGP 5.163 million, excluding the deals.