Shares in Egypt Open this Week Higher, Gain EGP918 mln

Egyptian stocks have opened this week higher posting gains of EGP 918 million backed by local and Arab net buyers. The benchmark index opened higher above 6240 points.

The Egyptian Exchange’s indices were wavering on green notes during Sunday opening.

The Benchmark EGX30 went up by 0.27% to 6244.48 p; while EGX20 rose by 0.36% to 7276.71 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.06% to 531.06 p.  Price index EGX100 hiked by 0.10% to 883 p.

The capital market has reached EGP 407.740 billion on Sunday, according to data compiled by Amwal Al Ghad English at 10:59 a.m. Cairo time (08:59 GMT).

Trading Volumes & Values

The trading volume has recorded 5148 million securities worth EGP 17.580 million, exchanged through 1280 transactions during Sunday opening.

Also during the opening session, 92 listed securities have been traded in; 17 fell, 47 advanced; while 28 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers bolstering EGX’s midday gains as they seized 94.14% and 2.43% respectively of the total markets, with a net equity of EGP 204.933 thousand and EGP 528.674 thousand respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers acquiring 3.44% of the total market, with a net equity of EGP 733.607 thousand, excluding the deals.