Arab Investors Drag Egypt Shares Higher, Gain EGP2bn on Tuesday

Backed by Arab buying appetite, Egyptian stocks ended trading higher on Tuesday attaining gains totaled EGP 2.25 billion. The benchmark index closed higher to cross 7085 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.70 per cent higher to 7086.8 pts; while EGX20 finished 1.03 per cent up to 8360.9 pts.     
Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.23% to close at 557.64 pts. The price index EGX100 increased by 0.33 per cent to conclude at 948.46 pts.  
The capital market has finished at EGP 439.313 billion on Tuesday.

Lower Turnovers
Through the closing session of Tuesday, the trading volume has reached 232.754 million securities. For the traded value, it hit EGP 546.733 million, exchanged through 23.990 thousand transactions.           
Also during the closing session, 178 listed securities have been traded in; 62 declined, 98 advanced; while 18 keeping their previous levels.

Investors’ Activities

Arabs remained net buyers acquiring 3.37% of the total market, with a net equity of EGP 10.399 million, excluding the deals.

On the contrary, Egyptians and the non-Arab foreigners were net sellers seizing 92.95% and 3.68% respectively of the total markets, with a net equity of EGP 6.027 million and 4.372 million respectively, excluding the deals.