EGX Gains EGP 55 Mln On Arabs’ Midday Buying Deals

During Tuesday midday session, the Egyptian Exchange (EGX) has posted gains of EGP 55 million. The capital market has amounted to EGP 366.516 billion, according to data compiled by Amwal Al Ghad at 1:45 p.m. Cairo time (11:45 GMT).

The EGX indices were mixed during midday session.

The main index, EGX30 rose by 0.41% to 5310.04 p. EGX20 edged up by 0.55% to 6103.53 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.10% to 470.73 p.  Price index EGX100 dropped by 0.01% to 788.85 p.

This was after trading in 163 listed securities; 61 declined, 64 advanced; while 38 keeping their previous levels.

The Arabs’ buying deals have contributed to turning EGX’s opening losses (which hit EGP 799 million) to gains as they were net buyers seizing 13.23% of the total markets, with a net equity of EGP 35.026 million excluding the deals.

On the other hand, Egyptians and the non-Arab foreigners were net sellers seizing 77.39% and 9.37% respectively, of the total markets, with a net equity of EGP 18.053 million and EGP 16.973 million excluding the deals.