Shares in Egypt Gain EGP3 bln at Close

Egyptian stocks maintained its rally for the second day to end higher on Monday attaining gains totaled EGP 3 billion powered by local and Arab net buyers. The benchmark index climbed 1.05% to cross 6340 points.

The Egyptian Exchange indices were wavering on green notes on Monday afternoon.

Egypt’s benchmark index EGX30 ended 1.05 per cent higher to 6341.28 pts, and the EGX20 also finished 1.10 per cent up to 7392.38 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 inched up by 1.05 per cent to conclude at 6341.28 pts. The price index EGX100 hiked by 0.64 per cent to close at 892.97 pts. 
The capital market has closed at EGP 412.044 billion on Monday.

Turnovers 
Through the closing session of Monday, the trading volume has reached 181.907 million securities. For the traded value, it hit EGP 537.899 million, exchanged through 26.281 thousand transactions.       

Also during the closing session, 190 listed securities have been traded in; 45 declined, 127 advanced; while 18 keeping their previous levels.

Investors’ Activity

Egyptians and Arabs were net buyers bolstering EGX’s closing gains acquiring 78.99% and 4.81% respectively, of the total market, with net equities of EGP 45.785 million and EGP 6.571 million, excluding the deals.

On the other hand, the non-Arab foreigners were net sellers for they seized 16.19% of the total market, with a net equity of EGP 52.356 million, excluding the deals.