Egypt’s stock market soared Sunday, the first day many Middle Eastern bourses re-opened after the Eid al-Fitr holiday, on the back of gains in global markets. Main index, EGX30 jumped 4.66 percent, to 7517.43 points.
Other indices; EGX50 EWI index pushed up 3.03 percent, to 1345.9 points; while EGX20 gained 5.31 percent, to 7761.51 points.
Mid- and small-cap index EGX70 picked up 1.95 percent, to 360.99 points. Price index, EGX100 added 2.12 percent, to 769.7 points.
The heavyweight listed Commercial International Bank (CIB) (COMI.CA) soared 5.25 percent, to close at 42.68 pounds per share.
Egypt’s leading property developer Talaat Mustafa Group (TMG) (TMGH.CA) hiked 7.63 percent to register 5.64 pounds per share. The country’s leading investment bank, EFG Hermes (HRHO.CA) edged up 4.82 percent, to close at 11.96 pounds per share.
Market Caps
Market capitalisation gained 11.4 billion Egyptian pounds ($1.3 billion), to record 401.851 billion pounds during the closing session of Sunday.
Turnovers
The bourse’s trading volume reached 319.036 million securities, with turnovers, closing at 991.522 million pounds, exchanged through 25,343 transactions.
Also during the closing session, 168 listed securities have been traded in, 13 declined, 120 advanced; while 34 kept their previous levels.
Investors’ Activities
Local and Arab investors were net buyers controlling 80.96 and 8.88 percent respectively of the total markets, with a net equity of 59.074 million pounds and 13.332 million pounds, respectively, excluding the deals.
On the contrary, non-Arab foreign were net sellers capturing 10.16 percent of the total market, with a net equity of 72.406 million pounds, excluding the deals.
