Egypt Shares Surge at Close, Gains Hit EGP5.4bn amid Foreign Buying Appetite

Egyptian stocks have ended higher on Tuesday powered by foreign net buyers posting gains totaled EGP 5.4 billion. The benchmark has finished above 6775 points.

The Egyptian Exchange indices were wavering in green notes on Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 0.74 per cent higher to 6775.47 pts, and EGX20 also finished 0.65 per cent up to 7859.93 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 climbed by 2.05% to close at 542.64 pts. The price index EGX100 surged by 1.80 per cent to conclude at 922.3 pts.  
The capital market has closed at EGP 427.447 billion on Tuesday afternoon.

Turnovers
Through the closing session of Tuesday, the trading volume has reached 134.663 million securities. For the traded value, it hit EGP 415.927 million, exchanged through 21.034 thousand transactions.           

Also during the closing session, 180 listed securities have been traded in; 82 declined, 68 advanced; while 30 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners and Arabs were net buyers acquiring 15.42% and 4.97% respectively of the total markets, with a net equity of EGP 53.652 million and 1.930 million respectively, excluding the  deals.

On the contrary, Egyptians were net sellers seizing 79.6% of the total market, with a net equity of EGP 55.583 million, excluding the deals.