Shares in Egypt Gain EGP704 mln on Monday, EGX30 Rebounds

Egypt’s shares ended higher on Monday with gains totalling 704 million Egyptian pounds backed by Arab investors’ buying appetite. In return, the main stock index, EGX30 also rebounded to near 8245 points at close.

Meanwhile, the EGX indices were wavering in green notes during the closing session of Monday. Yet, the volumes are still at very low levels.

Indices

Egypt’s benchmark index EGX30 ended 0.21 per cent higher to 8243.78 pts; while EGX20 finished 0.48 per cent up to 9872.01 pts.     
In addition, the mid- and small-cap index, the EGX70 hiked by 0.41 per cent to end at 608.51 pts. The price index EGX100 increased by 0.07 per cent to conclude at 1056.12 pts.  
Furthermore, the market capitalization recorded EGP 478.898 billion on Monday.

Turnovers below EGP1 bln
Through the closing session of Monday, the trading volume has reached 120.249 million securities, with turnovers worth EGP 463.626 million, exchanged through 18.368 thousand transactions.               
Also during the closing session, 179 listed securities have been traded in; 69 declined, 79 advanced; while 31 keeping their previous levels.

Investors’ Activities

Arab investors were net buyers on Monday capturing 6.49% of the total market, with a net equity of EGP 30.364 million, excluding the deals.

On the other hand, Egyptian and the non-Arab foreign investors were net sellers seizing 84.85% and 8.66% respectively of the total markets, with a net equity of EGP 14.621 million and EGP 15.743 million respectively, excluding the deals.