Egypt’s stocks opened higher on Tuesday posting gains of 2.4 billion Egyptian pounds powered by foreign buying appetite. In return, the main stock index, EGX30 crossed 7955 points at early trading today.
The Egyptian Exchange indices were wavering on green notes during the opening session of Tuesday.
The Benchmark EGX30 hiked by 0.91% to 7958 p, and EGX20 inched up by 1.29% to 9511.1 p.
Meanwhile, the mid- and small-cap index, the EGX70 grew by 0.65% to 595.99 p. Price index EGX100 advanced by 0.63% to 1044.96 p.
Furthermore, market capitalization reached EGP 471.237 billion, according to data compiled by Amwal Al Ghad English at 11:14 a.m. Cairo time (09:14 GMT).
Trading Volumes & Values
The trading volume has recorded 53.505 million securities worth EGP 130.805 million, exchanged through 4087 transactions during Tuesday opening.
Also during the opening session, 84 listed securities have been traded in; 11 fell, 59 advanced; while 14 keeping their previous levels.
Arab and the non-Arab foreign investors were net buyers at early trade on Tuesday capturing 8.32% and 11.96% respectively of the total markets, with a net equity of EGP 7.746 million and EGP 1.328 million respectively, excluding the deals.
On the other hand, Egyptian investors were net sellers seizing 79.72% of the total market, with a net equity of EGP 9.075 million, excluding the deals.