Egypt Bourse Gains EGP574mn at Midday, EGX30 Dips

Egypt’s stock market gained 574 million Egyptian pounds during midday trade on Tuesday backed by foreign investors’ buying appetite. Yet, the country’s main stock index, EGX30 retreated.

The Egyptian Exchange’s indices were wavering mostly in red notes during the midday session of Tuesday, except for EGX20 which solely rose.

Indices

The Benchmark EGX30 dipped by 0.01% to 9702.84 p; while EGX20 rose by 0.03% to 9853.4 p.

In addition, the mid- and small-cap index, the EGX70 fell by 0.61% to 554.99 p. Also, the Price index EGX100 dropped 0.13% to 1061.3 p.

Furthermore, market capitalization reached EGP 487.322 billion, according to data compiled by Amwal Al Ghad English at 01:05 p.m. Cairo time (11:05 GMT).

Trading Volumes & Values

The trading volume has recorded 104.412 million securities worth EGP 341.495 million, exchanged through 14.795 thousand transactions during Tuesday midday.

Also during the midday session, 167 listed securities have been traded in; 85 fell, 47 advanced; while 30 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at midday trade capturing 5.33% and 2.61% respectively of the total markets, with a net equity of EGP 4.136 million and EGP 10.794 million, excluding the deals.

On the other hand, local investors were net sellers seizing 92.06% of the total market, with a net equity of EGP 14.931 million, excluding the deals.