Egypt Shares Close Higher on Tuesday, with EGP4.3bln Gains

 Egyptian stocks ended higher today with gains totaled EGP 4.3 billion backed by the Egyptian Military support for the candidacy of the Defense Minister, Abdel fattah Al-Sisi. The benchmark index has shut above EGP449.512 billion.

The Egyptian Exchange (EGX) indices were wavering in green notes on Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 1.53 per cent higher to 7368.46 pts, and EGX20 also finished 1.81 per cent up to 8727.09 pts.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 1.08% to close at 573 pts. The price index EGX100 rose by 1.24 per cent to conclude at 973 pts.

Turnovers

Through the closing session of Tuesday, the trading volume has reached 431 million securities. For the traded value, it hit EGP 1.494 billion, exchanged through 39 thousand transactions.

Also during the closing session, 187 listed securities have been traded in; 23 declined, 150 advanced; while 13 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers seizing 83.64%, 10.3% of the total market, with a net equity of EGP 12 million and EGP21 million excluding the deals.

On the contrary, Arabs and the non-Arab foreigners were net sellers acquiring 6.06% respectively of the total markets, with a net equity of EGP 34 million, excluding the deals.