EGX 30 Opens Above 5730 Pts Backed By Local Buyers

The Egyptian Exchange has opened Tuesday’s session posting remarkable gains of around EGP 2 billion backed by local buyers. The capital market has amounted to EGP 385.820 billion, according to data compiled by Amwal Al Ghad at 11:10 a.m. Cairo time (09:10 GMT) during Tuesday’s opening session.

The EGX indices opened in green.

The main index, EGX30 inched up by 0.65% to 5731.4 p. EGX20 rose by 0.71% to 6682.95 p.

Meanwhile, the mid- and small-cap index, the EGX70 climbed by 1.12% to 489.82 p.  Price index EGX100 edged up by 0.96% to 822.45 p.

This was after trading in 94 listed securities; 5 declined, 69 advanced; while 20 keeping their previous levels.

During Tuesday’s opening session, the trading volume has reached 34.109 million securities worth EGP 56.794 million, exchanged 3.052 thousand transactions.

The EGX’s opening gains backed by local buyers as they were net buyers seizing 88.39% of the total markets, with a net equity of EGP 4.394 million excluding the deals.

Meanwhile, the non-Arab foreigners and Arabs were net sellers seizing 7.93% and 3.60% respectively, of the total markets, with a net equity of EGP 3.098 million and EGP 1.295 million excluding the deals.