Egypt Stocks Opened Higher, Main Gauge Hits 5677 pts

Egypt’s stock market has opened higher on Tuesday posting gains of EGP 3.1 billion backed by early local buyers. The benchmark climbed above 5675 pts.

The Egyptian Exchange’s indices were wavering in green notes during the opening session of Tuesday.

Benchmark EGX30 surged by 0.70%  to 5677.79 p; while EGX20 pushed up by 1.08% to  6595.38 p.

On the other hand, the mid- and small-cap index, the EGX70 inched up by 1.86% to  437.18 p.  Price index EGX100 increased by 1.48% to 751.79 p.

The capital market has reached EGP 366.507 billion during the opening session of Tuesday, according to data compiled by Amwal Al Ghad English at 11:12 a.m. Cairo time (09:12 GMT).

Trading Volumes & Values

The trading volume has recorded 36.113 million securities worth EGP 14.298 million, exchanged through 2.159 thousand transactions during Tuesday opening.

Investors’ Activity

Egyptians were net buyers seizing 84.3% of the total market, with a net equity of EGP 817.913 thousand, excluding the deals.

Meanwhile, the non-Arab foreign and Arab investors were net sellers seizing 8.36% and 7.34% respectively, of the total market, with net equities of EGP 676.297 thousand and EGP 141.616 thousand, excluding the deals.