Egypt: Bourse Benchmark Nears 5690 pts at Open

Egypt’s stocks opened higher on Tuesday posting early gains of EGP 1.7 billion backed by local and Arab net buyers. The benchmark index nears 5690 pts on Tuesday morning.

The Egyptian Exchange’s indices were wavering in green notes this morning.

The Benchmark EGX30 edged up by 0.73% to 5688.71 p; while EGX20 rose by 0.68% to 6649.55 p.

On the other hand, the mid- and small-cap index, the EGX70 went up by 0.14% to 484.4 p.  Price index EGX100 advanced by 0.14% to 810.79 p.

The capital market has opened at EGP 378.711 billion on Tuesday according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (09:22 GMT).

Trading Volumes & Values

The trading volume has recorded 30.933 million securities worth EGP 120.449 million, exchanged through 5110  transactions during Tuesday opening.

Also during the opening session, 109 listed securities have been traded in; 38 fell, 53 advanced; while 18 keeping their previous levels.

Investors’ Activities

Egyptian and Arab investors were net buyers as they seized 68.44% and 11.33% respectively of the total markets, with a net equity of EGP 3.100 million  and EGP 8.614 million respectively, excluding the deals.

Meanwhile, the non-Arab foreigners were net sellers seizing 20.22%, of the total markets, with a net equity of EGP 11.715 million excluding the deals.