Egypt’s stocks closed higher on Tuesday with gains totalling 5.2 billion Egyptian pounds backed by Egyptian and foreign investors’ strong buying appetite .In addition, the country’s main stock index, EGX30 closed above 9623.63 points.
Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 1.82 per cent higher to 9623.63pts; while EGX20 finished 1.83 per cent up to 11553.35 pts.
In addition, the mid- and small-cap index, the EGX70 surged by 0.43 per cent to finish at 669.84 pts. The price index EGX100 inched up by 1.01 per cent to conclude at 1189.14 pts.
Furthermore, the market capitalization recorded EGP 1.122 billion on Tuesday.
Turnovers Cross EGP One billion
Through the closing session of Sunday, the trading volume has reached 214.461 million securities, with turnovers worth EGP 1.122 billion, exchanged through 32 thousand transactions.
Also during the closing session, 175 listed securities have been traded in; 51 declined, 100 advanced; while 24 kept their previous levels.
The Egyptian and foreign investors were net buyers on Tuesday acquiring 69.9% and 19% respectively of the total markets, with a net equity of EGP 69.415million and EGP 10.789 million respectively, excluding the deals.
On the other hand, Arab investors were net sellers seizing 11.1% of the total market, with a net equity of EGP 80.214 million, excluding the deals.