Egypt stocks rebound, main index up 0.55%

Stocks in Egypt traded higher on Tuesday on local and non-Arab foreign investors’ buying appetite. Main index, EGX30 rose 0.55 percent, to 7973.45 points.

Other indices; EGX50 EWI index also surged 0.76 percent, to 1375.67 points; while EGX20 edged up 0.84 percent, to 8279.23 points.

Mid- and small-cap index EGX70 lost 0.18 percent, to 361.48 points. Price index, EGX100 gained 0.62 percent, to 785.69 points.

Market Cap

Market capitalisation incurred losses worth around 1.75 billion Egyptian pounds ($198.2 million), to record 412.795 billion pounds during the closing session of Tuesday.

Turnovers

The bourse’s trading volume reached 163.258 million securities, with turnovers, closing at 853.155  million pounds, exchanged through 18,362 transactions.

Also during the closing session, 163 listed securities have been traded in, 48 declined, 69 advanced; while 41 kept their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net buyers controlling 76.32 and 16.18 percent respectively of the total markets, with a net equity of 5.966 million pounds and 2.877 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers capturing 7.5 percent of the total market, with a net equity of 8.893 million pounds, excluding the deals.