Cairo stocks rebound on Tuesday as non-Arab foreigners buy

Egyptian stock market rebounded on Tuesday backed by non-Arab foreign buying appetite. Main index EGX30 gained 0.66 percent, to 7250.92 points.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index dropped 0.17 percent, to 1293.64 points; while EGX20 picked up 0.49 percent, to 7323.39 points.

Mid- and small-cap index EGX70 lost 0.70 percent, to 350.36 points. Price index, EGX100 sagged 0.14 percent, to 749.58 points.

Market Caps

Market capitalisation posted gains worth 2.8 billion Egyptian pounds ($315.3 million), to record 392.473 billion pounds during the closing session of Tuesday.

Turnovers

The bourse’s trading volume reached 152.799 million securities, with turnovers, closing at 770.255 million pounds, exchanged through 16,078 transactions.

Also during the closing session, 163 listed securities have been traded in, 76 declined, 39 advanced; while 45 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net buyers capturing 15.11 percent of the total market, with a net equity of 46.652 million pounds, excluding the deals.

On the contrary, local and Arab investors were net sellers seizing 78.37 and 6.52 percent respectively of the total markets, with a net equity of 17.899 million pounds and 28.753 million pounds, respectively, excluding the deals.