Egypt: Main Index Jumps to 6200 Pts at Close

Egyptian shares have pared their opening gains to end with EGP 2.4 billion gains on Tuesday backed by local net buyers. The main gauge closed higher, crossing 6200 points.

The Egyptian Exchange indices were wavering in green notes Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 1.84 per cent higher to 6201.23 pts, and the EGX20  also finished 2.12 per cent up to 7310.8 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.73 per cent to conclude at 516.28 pts. The price index EGX100 increased by 0.85 per cent to close at 869.8 pts. 
The capital market has closed at EGP 401.704 billion on Tuesday.

Turnovers
Through the closing session of Tuesday, the trading volume has 234.709 million securities. For the traded value, it hit EGP 779.080 million, exchanged through 35.357 thousand transactions.    

Also during the closing session, 184 listed securities have been traded in; 45 declined, 118 advanced; while 21 keeping their previous levels.

Investors’ Activity
Local investors were net buyers bolstering EGX’s closing gains to seize 79.12% of the total market, with a net equity of EGP 28.000 million, excluding the deals.

On the other hand, Arabs and the non-Arab foreigners were net sellers as they acquired 10.13% and 10.76% respectively, of the total market, with net equities of EGP 3.551 million and EGP 3.551 million, excluding the deals.