Egypt Indices Mostly Higher, Gain EGP2.6bn on Tuesday

Egypt’s stock market shares posted gains on Tuesday totalling 2.6 billion Egyptian pounds triggered by Arab investors’ buying appetite. The country’s benchmark index, EGX30 rose to 8710 points.

The Egyptian Exchange’s indices were wavering mostly in green notes during the closing session of Tuesday, except for the mid- and small-cap index, EGX70 which solely fell.

Indices

Egypt’s benchmark index EGX30 ended 0.08 per cent higher to 8710.6 pts; while EGX20 closed 0.04 per cent up to 9853.85 pts.

In addition, the mid- and small-cap index, the EGX70 tumbled by 0.55 per cent to finish at 555.31 pts. The price index EGX100 grew by 0.04 per cent to conclude at 1063.1 pts.

Furthermore, the market capitalization recorded EGP 489.329 billion on Tuesday.

Turnovers above One billion Pounds
Through the closing session of Tuesday, the trading volume has reached 169.888 million securities, with turnovers worth EGP 1.051 billion, exchanged through 25.354 thousand transactions.                 
Also during the closing session, 189 listed securities have been traded in; 93 declined, 58 advanced; while 30 kept their previous levels.

Investors’ Activities

Arab investors were net buyers on Tuesday capturing 2.66% of the total market, with a net equity of EGP 16.460 million, excluding the deals.

On the other hand, Local and the non-Arab foreign investors were net sellers seizing 92.42% and 4.92% respectively of the total markets, with a net equity of EGP 15.011 million and EGP 1.448 million, respectively, excluding the deals.