Egypt Shares Surged on Tuesday, EGX30 Hits 8370

Egypt’s shares ended higher on Tuesday with total gains of 2.4 billion Egyptian pounds powered by the first economic summit on the IPOs organized by the bourse. In addition, the main stock index, EGX30 hiked to exceed 8370 points.

Meanwhile, the EGX indices were wavering in green notes.

Indices

Egypt’s benchmark index EGX30 ended 0.78 per cent higher to 8370.57 pts; while EGX20 finished 0.85 per cent up to 9987.97 pts.     
In addition, the mid- and small-cap index, the EGX70 surged by 0.87 per cent to end at 615.45 pts. The price index EGX100 increased by 0.85 per cent to conclude at 1075.15 pts.  
Furthermore, the market capitalization recorded EGP 485.237 billion on Tuesday.

Turnovers Hit EGP1 bln
Through the closing session of Tuesday, the trading volume has reached 272.439 million securities, with turnovers worth EGP one billion, exchanged through 27.386 thousand transactions.               
Also during the closing session, 176 listed securities have been traded in; 35 declined, 109 advanced; while 32 keeping their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers capturing on Tuesday 13.61% of the total market, with a net equity of EGP 77.532 million, excluding the deals.

On the other hand, Egyptian and Arab investors were net sellers seizing 75.42% and 10.97% respectively of the total markets, with a net equity of EGP 24.072 million and EGP 53.459 million respectively, excluding the deals.