Constitution Vote Day One: Egypt Shares Gain EGP4bn at Open

As voting on post-Morsi military-backed constitutional referendum has just kicked off nationwide, Egyptian stocks opened higher Tuesday attaining gains amounting to EGP 4.45 billion powered by non-Arab foreign buying appetite. The main index starts trading above 7250 points early Tuesday.

The Benchmark EGX30 climbed by 1.93% to 7254.17 p; while EGX20 also soared by 2.39% to 8561.97 p.

Additionally, the mid- and small-cap index, the EGX70 inched up by 0.90% to 569.87 p.  Price index EGX100 hiked by 0.92% to 967.94 p.

The capital market has opened Tuesday’ sessions at EGP 445.115 billion, according to data compiled by Amwal Al Ghad English at 11:09 a.m. Cairo time (09:09 GMT).

Trading Volumes & Values

The trading volume has recorded 45.394 million securities worth EGP 162.425 million, exchanged through 5200 transactions during Tuesday opening.

Also during the opening session, 118 listed securities have been traded in; 10 fell, 89 advanced; while 19 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net buyers acquiring 17.82% of the total market, with a net equity of EGP 27.535 million, excluding the deals.

On the contrary, Egyptians and Arabs were net sellers seizing 72.68% and 9.5% respectively of the total markets, with a net equity of 16.516million and 11.018 million respectively, excluding the deals.