Egypt Stocks Gain EGP1.5 bln, EGX30 Crosses 5325 pts – Closing

Egypt’s stock market has ended Tuesday higher posting gains of EGP 1.5 billion backed by local net buyers. The benchmark surged to close above 5325 pts.

The Egyptian Exchange’s indices ended in green notes during the closing session of Tuesday.

Egypt’s benchmark index EGX30 inched up by 0.76% to close at 5326.46 p; while the EGX20 advanced by 0.21% to end at 6223.62 p.

Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.09% to conclude 429.31 p.  The price index EGX100 went up by 0.42% to finish 732.11 p.

The capital market has closed at EGP 357.097 billion on Tuesday.

Local, Arab Buyers

Egyptians’ buying transactions powered EGX’s gains as they were net buyers seizing 62.91% of the total markets, with a net equity of EGP 31.422 million excluding the deals.

Meanwhile,  the non-Arab foreigners and Arabs were net sellers seizing 28.82% and 8.27% respectively, of the total markets, with a net equity of EGP 30.968 million and EGP 454.414 thousand, excluding the deals.

Traded Volumes & Trades

Through the closing session of Tuesday, the trading volume has reached 52.752 million securities. For the traded value, it hit EGP 216.303 million, exchanged through 10.942 thousand transactions.

Also during the closing session, 153 listed securities have been traded in; 72 declined, 41 advanced; while 40 keeping their previous levels.