Egypt Stocks back on Track, EGX30 climbs 2.3%

Egypt’s stock market rebound on Tuesday posting gains worth 7.4 billion Egyptian pounds (US$969.8 million) backed by local investors’ strong buying appetite.

The market capitalization has recorded 502.814 billion pounds during the closing session of Tuesday.

Indices:

Egypt’s benchmark index, EGX30 climbed by 2.35 percent to close at 8716.37 points. EGX20 surged by 2.40 percent to 9378.27 points.

In addition, the mid- and small-cap index EGX70 hiked by 2.62 percent to 495.73 points. The price index, EGX100 also inched up by 2.12 percent to 1006.51 points.

Turnovers less higher
On Tuesday, the bourse’s trading volume has hit 109.917 million securities, with turnovers closed at EGP 880.783 million, exchanged through 17.283 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 18 declined, 127 advanced; while 26 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Tuesday acquiring 84.91% of the total market, with a net equity of EGP 6.019 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 11.7% and 3.39% respectively of the total markets, with a net equity of EGP 3.139 million and EGP 2.879 million, respectively, excluding the deals.