Egypt Stocks Gain EGP2 bln, Benchmark Crosses 5350 pts at Midday

Egypt’s stock market flourished during the midday session of Tuesday posting gains of EGP 2.3 billion backed by local buyers.

The benchmark has crossed the level of 5350 pts.

The Egyptian Exchange’s indices were wavering on green notes on Tuesday noon.

Benchmark EGX30 edged up by 0.76% to 5354.43 p; while EGX20 surged by 1.39% to 6232.09 p.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.58% to 426.16 p.  Price index EGX100 went up 0.49% to 733.62 p.

The capital market has reached EGP 357.500 billion during the midday session of Tuesday, according to data compiled by Amwal Al Ghad English at 12:23 p.m. Cairo time (10:23 GMT).

Trading Volumes & Values

The trading volume has recorded 40.519 million securities worth EGP 159.863 million, exchanged through 7.428 thousand transactions during Tuesday midday.

Also during the midday session, 129 listed securities have been traded in; 14 declined, 85 advanced; while 30 steadied.

Investors’ Activities

Local investors’ buying transactions have powered EGX’s midday gains as they were net buyers seizing 67.45% of the total markets, with a net equity of EGP 27.842 million excluding the deals.

Meanwhile,  the non-Arab foreign and Arab investors were net sellers seizing during midday 24.73% and 7.82% respectively, of the total markets, with a net equity of EGP 20.517 million and EGP 7.324 million, excluding the deals.