Egypt Shares climb on Tuesday, gain $1.06 billion

Egypt’s stocks flourished on Tuesday with total gains of 7.6 billion Egyptian pounds (US$1.06 billion) triggered by local and Arab investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 closed higher exceeding 9305 points.

The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Tuesday.

Indices:

The main stock index, EGX30 climbed by 2.19 per cent to 9308.98 points. EGX20 also surged by 2.76 per cent to 10366.28 points.

Meanwhile, the mid- and small-cap index EGX70 and price index EGX100 both inched higher, up 1.24 per cent and 1.67 percent, to close at 583.53 and 1143.89 points, respectively.

Turnovers jump
Through the closing session of Tuesday, the trading volume has reached 184.083 million securities, with turnovers worth EGP 1.197 billion, exchanged through 31.815 thousand transactions.                    
Also during the closing session, 189 listed securities have been traded in; 31 declined, 132 advanced; while 20 kept their previous levels.
Furthermore, the market capitalization recorded EGP 509.099 billion on Tuesday.

Investors’ Activities

Local and Arab investors were net buyers on Tuesday acquiring 82.08% and 4.75% respectively of the total markets, with a net equity of EGP 15.437 million and EGP 14.527 million, respectively, excluding the deals.

On the other hand, non-Arab foreign investors were net sellers seizing 13.16% of the total market, with a net equity of EGP 29.965 million, excluding the deals.