Egyptian main index hits highest close since mid-August 2015

Egypt’s main stock market index surged Tuesday, to hit its highest level since August 2015, triggered by foreign investors.

Main index, EGX30 climbed 1.85 percent, to 7886.82 points, its highest close since mid-August last year.

Stock market closed on Monday for a public holiday.

EGX50 EWI index inched up 0.44 percent, to 1475.63 points.

Mid- and small-cap index EGX70 fell 0.29 percent, to 377.55 points. Price index, EGX100 also dropped 0.42 percent to 800.76 points.

Market Caps

Market capitalisation has recorded gains 1.8 billion Egyptian pounds (around $202.7 million), to conclude 416.202 billion pounds during the closing session of Tuesday.

Turnovers

On Tuesday, the bourse’s trading volume hit 182.7 million securities, with turnovers closed at 1.398 billion pounds, exchanged through 21 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 47 declined, 94 advanced, while 35 kept their previous levels.

Investors’ Activities

Non-Arab foreign and Arab investors were net buyers controlling a net equity of 118.2 million pounds and 11.9 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers capturing a net equity of 130 million pounds, excluding the deals.