Egypt Stocks Gain EGP3.6bn, EGX30 Exceeds 8600 on Tuesday

Egypt’s stocks ended Tuesday’s session higher with gains totalling 3.6 billion Egyptian pounds bolstered by non-Arab foreign investors’ buying appetite. In addition, the country’s benchmark index, EGX30 surged to further cross 8600 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Tuesday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 1.12 per cent higher to 8603.98 pts; while EGX20 finished 1.18 per cent up to 10368.4 pts.     
In addition, the mid- and small-cap index, the EGX70 hiked by 0.86 per cent to end at 613.05 pts. The price index EGX100 pushed up by 0.91 per cent to conclude at 1086.78 pts.  
Furthermore, the market capitalization recorded EGP 492.707 billion on Tuesday.

Turnovers Cross EGP 1 billion
Through the closing session of Tuesday, the trading volume has reached 146.670 million securities, with turnovers worth EGP 1.033 billion, exchanged through 19.522 transactions.               
Also during the closing session, 176 listed securities have been traded in; 37 declined, 104 advanced; while 28 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Tuesday capturing 12.13% of the total market, with a net equity of EGP 76.084 million, excluding the deals.

On the contrary, Egyptian and Arab investors were net sellers seizing

83.42% and 4.45% respectively of the total markets, with a net equity of EGP 71.660 million and EGP 4.424 million respectively, excluding the deals.