Egypt Shares Gain EGP3.3 billion Tuesday, EGX30 Nears 8430

Egypt’s stocks revived on Tuesday, closing with gains worth 3.3 billion Egyptian pounds powered by non-Arab foreign investors’ buying appetite. In return, the main stock index, EGX30 climbed to cross 8425 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Tuesday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 1.41 per cent higher to 8428.73 pts; while EGX20 finished 1.53 per cent up to 10224.77 pts.     
In addition, the mid- and small-cap index, the EGX70 hiked by 0.74 per cent to end at 609.24 pts. The price index EGX100 inched up by 1.02 per cent to conclude at 1069.18 pts.  
Furthermore, the market capitalization recorded EGP 486.835 billion on Tuesday.

Turnovers below EGP 1 billion
Through the closing session of Tuesday, the trading volume has reached 186.274 million securities, with turnovers worth EGP 873.580 million, exchanged through 24.575 transactions.               
Also during the closing session, 173 listed securities have been traded in; 43 declined, 110 advanced; while 19 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Tuesday capturing 12.5% of the total market, with a net equity of EGP 100.376 million, excluding the deals.

On the contrary, Egyptian and Arab investors were net sellers seizing 82.72% and 4.78% respectively of the total markets, with a net equity of EGP 78.965 and EGP 21.410 million respectively, excluding the deals.