Stocks in Egypt rebound, EGX30 trade 0.60% higher

Egypt’s stock market climbed Tuesday backed by local investors’ buying appetite. Main index, EGX30 grew 0.60 percent, to 8080.81 points.

Other indices; EGX50 EWI index surged 0.53 percent, to 1376.42 points; EGX20 added 0.89 percent, to 8188.67 points.

Mid- and small-cap index EGX70 rose 0.27 percent, to 357.17 points. Price index, EGX100 went up 0.41 percent, to 804.47 points.

Market Cap

Market capitalisation incurred losses worth 2.1 billion Egyptian pounds ($236.6 million), to record 410.073 billion pounds during the closing session of Tuesday.

Turnovers

The bourse’s trading volume reached 131.306 million securities, with turnovers, closing at 625.364 million pounds, exchanged through 16,944 transactions.

Also during the closing session, 170 listed securities have been traded in, 41 declined, 77 advanced; while 50 kept their previous levels.

Investors’ Activities

Local investors were net buyers capturing 74.97 percent of the total market, with a net equity of 34.244 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net sellers controlling 16.16 and 8.87 percent respectively of the total markets, with a net equity of 25.832 million pounds and 8.412 million pounds, respectively, excluding the deals.

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