Egypt’s stock market ends higher Tuesday posting gains worth 3.216 billion Egyptian pounds (US$ 410million) backed by Arab and foreign investors’ buying appetite.
Market capitalisation recorded 401.359 pounds during the closing session of Tuesday.
Egypt’s benchmark index, EGX30 surged up by 1.25 percent to 6339.76 points.
EGX50 EWI index climbed 1.30 percent to 1219.4 points.
EGX20 grew 1.72 percent to 6328.61 points.
In addition, the mid- and small-cap index EGX70 decreased 0.01 percent to 355.67 points. Price index, EGX100 increased 0.05 percent to 731.2 points.
On Tuesday, the bourse’s trading volume has hit 248.354 million securities, with turnovers closed at 937.550 million pounds, exchanged through 27.081 thousand transactions.
Also during the closing session, 178 listed securities have been traded in; 62 declined, 82 advanced; while 31kept their previous levels.
Arab and foreign investors were net buyers Tuesday capturing 6.22 and 6.77 percent respectively of the total markets, with a net equity of 9.051 million pounds and 26.626 million pounds, respectively, excluding the deals.
On the contrary, local investors were net sellers controlling 87.01 percent of the total market, with a net equity of 35.677 million pounds, excluding the deals.