EGX 30 Surges at Close on Mohamed Mahmoud Clashes Anniversary

Egypt stocks have ended higher on Tuesday, shrugging off tension concerns as protests have kicked off on Tuesday marking the second anniversary of Mohamed Mahmoud clashes. The Egyptian stocks attained gains totaled EGP 2.4 billion backed by local and Arab net buyers during the closing session of Tuesday. The benchmark index surged 1.04% to cross 6400 points.

Egypt’s revolutionary groups fear the memory of Mohamed Mahmoud Street could be marred by clashes once again, following calls by the Muslim Brotherhood and military supporters to demonstrate on the same day.

The Egyptian Exchange indices were wavering on green notes on Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 1.04 per cent higher to 6407.1 pts, and the EGX20 also finished 1.09 per cent up to 7473.24 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.04 per cent to conclude at 537.55 pts. The price index EGX100 increased by 0.27 per cent to close at 895.39 pts. 
The capital market has closed at EGP 414.448 billion on Tuesday.

Turnovers 
Through the closing session of Tuesday, the trading volume has reached 255.415 million securities. For the traded value, it hit EGP 633.629 million, exchanged through 30.059 thousand transactions.      

Also during the closing session, 186 listed securities have been traded in; 64 declined, 105 advanced; while 17 keeping their previous levels.

Investors’ Activity

Egyptians and Arabs were net buyers bolstering EGX’s closing gains acquiring 91.44% and 4.31% respectively, of the total market, with net equities of EGP 6.907 million and EGP 11.983 million, excluding the deals.

On the other hand, the non-Arab foreigners were net sellers for they seized 4.25% of the total market, with a net equity of EGP 18.890 million, excluding the deals.