EGX 30 Climbs 1.54%, Opens Above 5275 Pts On Local, Arab Buyers

The Egyptian Exchange has opened Tuesday’s session posting remarkable gains of EGP 2.9 billion backed by local and Arab early buyers.

The capital market has amounted to EGP 364.149 billion, according to data compiled by Amwal Al Ghad English at 10:55 a.m. Cairo time (08:55 GMT) during Tuesday’s opening session.

The EGX indices opened in green during the opening.

Benchmark EGX30 climbed by 1.54% to 5277.09 p; while EGX20 inched up by 1.14% to 6227.58 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.37% to 458.42 p.  Price index EGX100 rose by 0.91% to 766.37 p.

This was after trading in 87 listed securities; 3 declined, 58 advanced; while 26 keeping their previous levels.

During Tuesday’s opening session, the trading volume has reached 10.728 million securities worth EGP 24.644 million, exchanged 1.511 transactions.

Egyptians and Arabs have backed EGX’s early gains as they were net buyers seizing 80.37% and 5.55% respectively, of the total markets, with a net equity of EGP 1.021 million and EGP 305.412 thousand excluding the deals.

Meanwhile,  the non-Arab foreign were net sellers seizing 14.08% of the total markets, with a net equity of EGP 715.955 thousand excluding the deals.