Egypt Stocks End Higher on Tuesday, with EGP2.4billion Gains

Egypt’s stocks closed higher on Tuesday with gains totalling 2.4 billion Egyptian pounds backed by Egyptian and Arab investors’ strong buying appetite .In addition, the country’s main stock index, EGX30 closed above 9534.8 points.

Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 0.93per cent higher to 9534.08pts; while EGX20 finished 1.05 per cent up to 11349.46 pts.     
In addition, the mid- and small-cap index, the EGX70 surged by 0.77 per cent to finish at 628.69pts. The price index EGX100 inched up by 0.95 per cent to conclude at 1138.31 pts.  
Furthermore, the market capitalization recorded EGP 520.557 billion on Tuesday.

Turnovers Cross EGP One billion
Through the closing session of Tuesday , the trading volume has reached 121.055 million securities, with turnovers worth EGP 582.014 million, exchanged through 20.9 thousand transactions.               
Also during the closing session, 175 listed securities have been traded in; 40 declined, 102 advanced; while 32 kept their previous levels.

Investors’ Activities

The Egyptian and Arab  investors were net buyers on Tuesday  acquiring  7.13% and 67.11% respectively of the total markets, with a net equity of EGP 41.9million and EGP 8.8 million respectively, excluding the deals.

On the other hand, foreign investors were net sellers seizing 25.76% of the total market, with a net equity of EGP 50.7 million, excluding the deals.