EGX 30 Snaps Two-Day Down, Nears 5255 Pts; Midday

The Egyptian Exchange (EGX) has posted remarkable gains of EGP 1.9 billion during Tuesday’s midday session backed by local and Arab buyers.

The capital market has amounted to EGP 358.707 billion, according to data compiled by Amwal Al Ghad English at 12:52 p.m. Cairo time (10:52 GMT) during Tuesday’s midday session.

The EGX indices were in green notes.

Benchmark EGX30 inched up by 0.73% to 5253.8 p; while EGX20 rose by 0.50% to 6081.06 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.21% to 452.06 p.  Price index EGX100 increased by 0.58% to 750.23 p.

During Tuesday’s midday session, the trading volume has reached 24.872 million securities worth EGP 95.195 million, exchanged through 5.684 transactions.

This was after trading in 132 listed securities; 14 declined, 79 advanced; while 39 keeping their previous levels.

Egyptians and Arabs’ buying transactions have backed EGX’s midday gains as they were net buyers seizing 73.64% and 5.47% respectively, of the total markets, with a net equity of EGP 2.503 million and EGP 1.027 million, excluding the deals.

Meanwhile, the non-Arab foreigners’ were net sellers seizing 20.89% of the total markets, with a net equity of EGP 3.530 million excluding the deals.