Bourse Benchmark in Egypt Crosses 6175 pts at Open

Egypt’s shares started higher on Tuesday posting gains of EGP 3.7 billion backed by the local and Arab net buyers. Accordingly, the main gauge jumped to exceed 6175 points on early Tuesday.

The Egyptian Exchange’s indices were wavering in green notes this morning.

The Benchmark EGX30 climbed by 1.45% to 6177.45 p; while EGX20 surged by 1.67% to 7278.4 p.

On the other hand, the mid- and small-cap index, the EGX70 inched up by 0.96% to 517.46 p.  Price index EGX100 advanced by 0.99% to 871.04 p.
The capital market has opened at EGP 403.012 billion on Tuesday, according to data compiled by Amwal Al Ghad English at 11:11 a.m. Cairo time (09:11 GMT).

Trading Volumes & Values

The trading volume has recorded 50.546 million securities worth EGP 135.692 million, exchanged through 4804 transactions during Sunday opening.

Also during the opening session, 124 listed securities have been traded in; 12 fell, 97 advanced; while 15 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers seizing 71.02% and 20.76% respectively of the total markets, with a net equity of EGP 4.432 million and EGP 6.728 million respectively, excluding the deals.

Meanwhile, the non-Arab foreigners turned net seller acquiring 8.22%, of the total markets, with a net equity of EGP 11.160 million excluding the deals.