Egypt’s stocks kicked off trading higher on Thursday with early gains worth 3.4 billion Egyptian pounds powered by non-Arab foreign investors’ strong buying appetite. In addition, the country’s main stock index, EGX30 hiked at early trade crossing 9675 points.
The Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of Thursday.
The Benchmark EGX30 climbed by 1.05% to 9676.38 p, and EGX20, also pushed up by 1.31% to 11490.6 p.
In addition, the mid- and small-cap index, the EGX70 grew by 0.71% to 630 p. Price index EGX100 inched up by 0.91% to 1147.3 p.
Furthermore, market capitalization reached EGP 525.283 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (08:29 GMT).
Trading Volumes & Values
The trading volume has reached 43.959 million securities worth EGP 371.136 million, exchanged through 6469 transactions during Thursday opening.
Also during the opening session, 117 listed securities have been traded in; 14 fell, 85 advanced; while 18 keeping their previous levels.
The non-Arab foreign investors were net buyers at early trade acquiring 29.19% of the total market, with a net equity of EGP 150.765 million, excluding the deals.
On the other hand, local and Arab investors were net sellers 66.88% and 3.93% respectively of the total markets, with a net equity of EGP 139.717 million and EGP 11.048 million, excluding the deals.