Egypt stocks climb on foreign buying

Egypt’s stock market ended higher on Tuesday backed by foreign investors’ buying appetite. Main index, EGX 30 climbed 1.29 percent, to 13436.1 points.

Other indices; EGX50 EWI index rose 1.09 percent, to 2091.49 points; EGX20 went up 1.08 percent, to 13380.64 points.

Mid- and small-cap index EGX70 hiked 0.88 percent, to 481.55 points. Price index, EGX100 also added 0.94 percent, to 1169.56 points.

Market Cap

Market capitalisation posted gains worth 5 billion Egyptian pounds (around $261.4 million), to record 637.844 billion pounds during the closing session of Tuesday.

Turnovers

The bourse’s trading volume reached 540.536 million securities, with turnovers, closing at 1.808 billion pounds, exchanged through 38,765 transactions.

Also during the closing session, 182 listed securities have been traded in, 46 declined, 108 advanced; while 28 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net buyers capturing 15.12 percent of the total market, with a net equity of 256.267 million pounds, excluding the deals.

On the contrary, local and Arab investors were net buyers controlling 74.62 and 10.26 percent respectively of the total markets, with a net equity of 208.128 million pounds and 48.138 million pounds, respectively, excluding the deals.