EGX30 Crosses 8270 at Open, Shares Gain EGP853 mln

Egypt’s stocks rose at early trade on Tuesday with gains worth 853 million amid local and Arab investors’ buying appetite. Accordingly, the main stock index, EGX30 also opened higher exceeding 8270 points.

Meanwhile, the EGX indices were wavering in green notes during the opening session of Tuesday.

Indices
The Benchmark EGX30 went up by 0.34% to 8271.53 p, and EGX20 rose by 0.33% to 9904.85 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 0.09% to 609.07 p. Price index EGX100 advanced by 0.22% to 1058.42 p.

Furthermore, market capitalization reached EGP 479.751 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (09:29 GMT).

Trading Volumes & Values

The trading volume has recorded 50.333 million securities worth EGP 111.491 million, exchanged through 3201 transactions during Tuesday opening.

Also during the opening session, 110 listed securities have been traded in; 16 fell, 55 advanced; while 39 keeping their previous levels.

Investors’ Activities

local and Arab investors were net buyers capturing at early trade on Tuesday 83.14% and 8.63% respectively of the total markets, with a net equity of EGP 486.891 thousand and EGP 4.130 million respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 8.23% of the total market, with a net equity of EGP 4.617 million, excluding the deals.