EGX 30 Opens 0.29% Higher, Nears 5660 Pts On Local, Arab Buyers

By Yomna Yasser On Jan 22, 2013

During Tuesday’s opening session, the Egyptian Exchange (EGX) has posted gains of EGP 1.4 billion backed by local and Arab buyers. The capital market has amounted to EGP 377.980 billion, according to data compiled by Amwal Al Ghad at 11:15 a.m. Cairo time (09:15 GMT).

The EGX indices opened in green.

The main index, EGX30 inched up by 0.29% to 5657.39 p. EGX20 rose by 0.46% to 6436.68 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed up by 1.37% to 457.78 p. Price index EGX100 hiked by 0.97% to 788.45 p.

This was after trading in 105 listed securities; 6 declined, 74 advanced; while 25 keeping their previous levels.

During the opening session, the trading volume has reached 10.143 million securities worth EGP 33.895 million, exchanged 2.543 thousand transactions.

The EGX’s opening gains were backed by Egyptians and Arabs’ buying transactions as they were net buyers seizing 77.71% and 8.81% respectively, of the total markets, with a net equity of EGP 1.956 million and EGP 2.644 million excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 13.48% of the total markets, with a net equity of EGP 4.601 million excluding the deals.