Shares in Egypt start week 0.56% higher
Egypt’s stock market edged up on Sunday backed by local and Arab investors’ buying appetite. Main index, EGX30 grew 0.56 percent, to 6981.72 points.
During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.
The Egyptian bourse announced Sunday that Eid Al-Fitr holiday will start from Tuesday, July 5th.
The trading activity will be resumed on Sunday, July 10th.
Other indices; EGX50 EWI index climbed 1.28 percent, to 1276.08 points; while EGX20 surged 1.40 percent, to 7074.83 points.
Mid- and small-cap index EGX70 increased 0.68 percent, to 353.43 points. Price index, EGX100 rose 0.52 percent, to 747.54 points.
Market Caps
Market capitalisation gained 1.8 billion Egyptian pounds ($202.7 million), to record 384.362 billion pounds during the closing session of Sunday.
Turnovers
The bourse’s trading volume reached 108.807 million securities, with turnovers, closing at 587.151 million pounds, exchanged through 10.993 transactions.
Also during the closing session, 147 listed securities have been traded in, 26 declined, 74 advanced; while 45 kept their previous levels.
Investors’ Activities
Local and Arab investors were net buyers controlling 89.17 and 3.4 percent respectively of the total markets, with a net equity of 13.198 million pounds and 11.315 million pounds, respectively, excluding the deals.
On the contrary, non-Arab foreign were net sellers capturing 7.43 percent of the total market, with a net equity of 24.514 million pounds, excluding the deals.
