Egyptian stocks have opened higher on Thursday posting gains worth EGP 862 million backed by early local and Arab net buyers. The benchmark index started trading on Thursday above 6500 points.
The Egyptian Exchange’s indices were wavering in green notes during opening.
The Benchmark EGX30 inched up by 0.52% to 6522.27 p; while EGX20 also increased by 0.47% to 7561.64 p.
Additionally, the mid- and small-cap index, the EGX70 rose by 0.14% to 528.18 p. Price index EGX100 hiked by 0.36% to 892.15 p.
The capital market has reached on Thursday EGP 412.723 billion, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT).
Trading Volumes & Values
The trading volume has recorded 15.353 million securities worth EGP 44.386 million, exchanged through 2130 transactions during Thursday opening.
Also during the opening session, 94 listed securities have been traded in; 10 fell, 56 advanced; while 28 keeping their previous levels.
Investors’ Activities
Egyptians and Arabs were net buyers seizing 86.52% and 3.58% respectively of the total markets, with a net equity of EGP 1.277 million and EGP 772.824 thousand respectively, excluding the deals.
On the contrary, the non-Arab foreigners were net sellers acquiring 9.9% of the total market, with a net equity of EGP 2.050 million, excluding the deals.
