Cairo bourse gains 0.5% on Tuesday

Egypt’s bourse closed higher Monday triggered by non-Arab foreign investors’ buying appetite.

Main index gained 0.49 percent, to 7409.27 points.

Other indices; EGX50 EWI index fell 0.34 percent, to 1375.38 points; while EGX20 rose 0.33 percent, to 7325.95 points.

Mid- and small-cap index EGX70 increased 0.06 percent, to 368.64 points. Price index, EGX100 remained with no change, to close at 775.08 points.

Market Caps

Market capitalisation has posted gains worth 412 million Egyptian pounds ($46.4 million), to record 399.678 billion pounds during the closing session of Monday.

Turnovers humble

The bourse’s trading volume hit 140.944 million securities, with turnovers, closing at 719.245 pounds, exchanged through 19,025 transactions.

Also during the closing session, 169 listed securities have been traded in, 70 declined, 51 advanced; while 45 kept their previous levels.

Investors’ Activities

Local and Arab foreign investors were net sellers controlling 82.63 and 6.04 percent respectively of the total markets, with a net equity of 71.884 million pounds and 5.086  million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign investors were net buyers capturing 11.32 percent of the total market, with a net equity of 76.970 million pounds, excluding the deals.