EGX30 Exceeds 9280, Stocks Gain EGP598mn at Midday

Egypt’s stocks increased at midday session on Tuesday registering gains of 598 million Egyptian pounds backed by non-Arab foreign buying appetite. In addition, the country’s main stock index, EGX30 exceeds 9280 points.

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

Indices

The Benchmark EGX30 hiked by 0.48% to 9281.7 p, and EGX20 inched up by 0.65% to 11132.6 p.

In addition, the mid- and small-cap index, the EGX70 rose by 0.07% to 634.86 p. Yet, the Price index EGX100 increased by 0.26% to 1135.68 p.

Furthermore, market capitalization reached EGP 512.926 billion, according to data compiled by Amwal Al Ghad English at 13:12 p.m. Cairo time (11:12 GMT).

Trading Volumes & Values

The trading volume has recorded 149.496 million securities worth EGP 647.455 million, exchanged through 19.457 transactions during Tuesday midday.

Also during the midday session, 166 listed securities have been traded in; 84 fell, 48 advanced; while 33 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers acquiring at midday trade 6.8% of the total market, with a net equity of EGP 36.499 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 88.27% and 4.92% respectively of the total markets, with a net equity of EGP 26.685 million and EGP 9.813 million, excluding the deals.