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EGX gains EGP2.6bln amid local buying, buoyant liquidity

EGX gains EGP2.6bln amid local buying, buoyant liquidity
The Egyptian Exchange (EGX) indices shut Monday’s trading in the positive territory, amid active buying by nationals.
The benchmark index EGX30 rose 1.84% or 176.86 points to reach 9779.95 points. The small and mid-cap index EGX70 also added 1.93% to 632.74 points and the broader index EGX100 ended 1.80% higher at 1161.13 points.
Market capitalization gained around EGP 2.568 billion to reach EGP 525.576 billion, compared with EGP 523.008 billion on Sunday.
Turnover amounted to EGP 581.4 million, while traded volume reached 106.2 million shares and number of transactions totaled 20,000.
National traders were net buyers by EGP 46.2 million, while foreign and Arab traders were net sellers by EGP 16.6 million and EGP 29.6 million respectively.
Retail traders accounted for 57.1% of total trading, with nationals heading for buying.
Meanwhile, institutions made up the remaining 42.9%, with nationals heading for buying.