EGX 30 Opens Above 5560 Pts, OTMT Climbs 1.16%

The Egyptian Exchange has opened Tuesday’s session posting gains of EGP 1.06 billion backed by Arab early buying transactions. The capital market has amounted to EGP 377.655 billion, according to data compiled by Amwal Al Ghad at 11:18 a.m. Cairo time (09:18 GMT) during Tuesday’s opening

The EGX indices opened in green notes.

Benchmark EGX30 inched up by 0.27% to 5563.37 p; while EGX20 rose by 0.39% to 6463.63 p.

Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.65% to 474.37 p.  Price index EGX100 edged up by 0.45% to 801.9 p.

This was after trading in 94 listed securities; 6 declined, 67 advanced; while 21 keeping their previous levels.

During Tuesday’s opening session, the trading volume has reached 15.593 million securities worth EGP 36.745 million, exchanged 3.137 transactions.

EGX opening gains were backed by Arab buying transactions as they were net buyers seizing 9.15% of the total markets, with a net equity of EGP 1.985 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers seizing 82.81% and 8.04% respectively, of the total markets, with a net equity of EGP 1.624 million and EGP 361.115 thousand excluding the deals.

For the leading EGX-listed firms’ stocks, Orascom Telecom Media And Technology Holding SAE (OTMT.CA) climbed by 1.61% to EGP 0.63. Orascom Telecom Holding SAE (ORTE.CA)’s stock also rose by 0.71% to EGP 4.25.

Egyptian Financial Group-Hermes Holding (HRHO.CA)’s stock tumbled by 0.09% to EGP 10.99. Orascom Construction Industries – OCI (OCIC.CA)’s stock inched down by 0.16% to EGP 263.01.