Egypt Stock Higher at Midday, EGX30 Nears 7900

Egyptian stocks gained 1.2 billion pounds during midday session  of Tuesday powered by foreign buying appetite. Accordingly, Egypt’s main stock index – EGX30 rallied to near 7900 points.

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

The Benchmark EGX30 inched up by 0.51% to 7899.02 p; EGX20 also rose by 0.55% to 9470.01 p.

Additionally, the mid- and small-cap index, the EGX70 went up by 0.48% to 637.07 p.  Price index EGX100 increased by 0.42% to 1092.03 p.

Furthermore, market capitalization reached EGP 483.311 billion, according to data compiled by Amwal Al Ghad English at 12:58 p.m. Cairo time (10:58 GMT).

Trading Volumes & Values

The trading volume has recorded 156.137 million securities worth EGP 412.660 million, exchanged through 17.232 thousand transactions during Tuesday midday.

Also during the midday session, 162 listed securities have been traded in; 46 fell, 90 advanced; while 26 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net buyers seizing 7.99% and 6.95% respectively of the total markets, with a net equity of EGP 377.676 thousand and EGP 13.141 million respectively, excluding the deals.

On the contrary, Egyptians were net sellers 85.06% of the total market, with a net equity of EGP 13.519 million, excluding the deals.