Egypt’s shares closed higher on Tuesday, earning 2.1 billion Egyptian pounds powered by local and Arab investors’ buying appetite. The main stock index, EGX30 also hiked crossing 8305 points.
Meanwhile, the EGX indices were wavering in green notes during the closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 0.77 per cent higher to 8307.19 pts; while EGX20 finished 0.71 per cent up to 9942.05 pts.
In addition, the mid- and small-cap index, the EGX70 inched up by 0.56 per cent to end at 611.9 pts. The price index EGX100 surged by 0.66 per cent to conclude at 1063.13 pts.
Furthermore, the market capitalization recorded EGP 480.996 billion on Tuesday.
Turnovers below EGP1 bln
Through the closing session of Tuesday, the trading volume has reached 222.084 million securities, with turnovers worth EGP 802.065 million, exchanged through 24.300 thousand transactions.
Also during the closing session, 173 listed securities have been traded in; 46 declined, 109 advanced; while 18 keeping their previous levels.
Egyptian and Arab investors were net buyers on Tuesday capturing 82.97% and 9.14% respectively of the total markets, with a net equity of EGP 2.927 million and EGP 31.853 million respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net sellers seizing 7.89% of the total market, with a net equity of EGP 34.780 million, excluding the deals.