Purchases by foreign and Arab investors were able to outpace sales by Egyptian investors Monday, causing Egyptian stock markets to close higher despite clashes at the trial of former President Hosni Mubarak. Egypt's main index, the EGX30, closed at 4706 points after gaining 0.96 percent on the day. The EGX70, the medium and small companies index, gained 0.09 percent, while the EGX100 rose 0.03 percent. Transactions were valued at 297.5 million EGP (U.S. $49.9 million). Egyptian investors made up 70.75 percent of transactions, totaling 36.8 million EGP (U.S. $6.2 million), while non-Arab foreign investors made up 21.38 percent of trades and Arab investors accounted for 7.87 percent of trades. Institutional trading made up 34.58 percent of transactions, collectively making a net purchase of 26.3 million EGP (U.S. $4.4 million), while individual investors acquired 65.41 million EGP (U.S. $11 million) worth of securities. Several blue-chip stocks in the major index saw modest gains such as Sixth of October Real Estate Development which gained 0.18 percent, Telecom Egypt which gained 2.2 percent, and Ezz Steel which gained 2.3 percent on the day.
