Egypt Shares Open Higher on Tuesday amid Local, Arab Buying Appetite

Egyptian stocks opened higher on Tuesday powered by local and Arab buying appetite, to post early gains amounting to EGP 504 million. Accordingly, the country’s main index rallied to hit 7042 points at early trading.

The Egyptian Exchange indices were wavering in green notes during opening trading session of Tuesday.

The Benchmark EGX30 went up by 0.07% to 7042.5 p; EGX20 also rose by 0.12% to 8284.93 p.

Additionally, the mid- and small-cap index, the EGX70 increased by 0.36% to 558.38 p.  Price index EGX100 advanced by 0.26% to 947.82 p.

The capital market has opened at EGP 437.570 billion on Tuesday, according to data compiled by Amwal Al Ghad English at 11:18 a.m. Cairo time (09:18 GMT).

Trading Volumes & Values

The trading volume has recorded 17.916 million securities worth EGP 32.649 million, exchanged through 1.912  transactions during Tuesday opening.

Also during the opening session, 86 listed securities have been traded in; 21 fell, 41 advanced; while 24 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers seizing 91.41% and 3.61% respectively of the total markets, with a net equity of 2.232 million and 654.786 thousand respectively, excluding the deals.

On the contrary, the non-Arab foreigners were net sellers 4.98% of the total market, with a net equity of EGP 2.886 million, excluding the deals.