Egypt Shares Surge on Tuesday, EGX 30 Hits 6720 at Close

Egyptian stocks surged on Tuesday ending the trading higher with gains totaled EGP 3.46 billion bolstered by local and Arab net buyers. The benchmark index jumped closing reaching 6720 points.

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

Egypt’s benchmark index EGX30 ended 1.15 per cent higher to 6720.4 pts, and EGX20 also finished 1.02 per cent up to 7789.58 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 surged by 0.65 per cent to conclude at 535.56 pts. The price index EGX100 went up by 0.77 per cent to close at 909.24 pts.  
The capital market has closed at EGP 421.966 billion on Tuesday afternoon.

Turnovers Doubled
Through the closing session of Tuesday, the trading volume has reached 210.202 million securities. For the traded value, it hit EGP 601.876 million, exchanged through 24.456 thousand transactions.          

Also during the closing session, 184 listed securities have been traded in; 41 declined, 122 advanced; while 21 keeping their previous levels.

Investors’ Activities

Egyptians and Arabs were net buyers acquiring 80.85% and 7.43% respectively of the total markets, with a net equity of EGP 41.332 million and 4.505 million respectively, excluding the  deals.

On the contrary, the non-Arab foreigners were net sellers seizing 11.72% of the total market, with a net equity of EGP 45.837 million, excluding the deals.