EGX30 Surges Early Tuesday, Shares Gain EGP3.3 bln

Egypt’s stocks opened higher on Tuesday with gains worth 3.3 billion Egyptian pounds powered by local and non-Arab foreign buying appetite. In return, the main stock index, EGX30 surged at early trade to exceed 7630 points.

The Egyptian Exchange indices were wavering on green notes during the opening session of Tuesday.

The Benchmark EGX30 inched up by 1.39% to 7634.42 p, and EGX20 hiked by 1.48% to 9054.46 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased by 1.06% to 569.99 p.  Price index EGX100 grew by 1.07% to 1003.53 p.

Furthermore, market capitalization reached EGP 456.652 billion, according to data compiled by Amwal Al Ghad English at 11:14 a.m. Cairo time (09:14 GMT).

Trading Volumes & Values

The trading volume has recorded 26.887 million securities worth EGP 73.757 million, exchanged through 2986 transactions during Tuesday opening.

Also during the opening session, 102 listed securities have been traded in; 4 fell, 78 advanced; while 20 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net buyers at early trade on Tuesday capturing 75.11% and 18.2% respectively of the total markets, with a net equity of EGP 736.726 thousand and EGP 509.442 thousand respectively, excluding the deals.

On the other hand, Arab investors were net sellers seizing 6.69% of the total market, with a net equity of EGP 1.246 million, excluding the deals.