Egypt’s stocks closed higher on Tuesday registering gains worth 3.8 billion Egyptian pounds backed by non-Arab foreign investors’ strong buying appetite. The country’s main stock index, EGX30 also surged to 9010 points.
Meanwhile, the Egyptian Exchange’s indices were wavering in green notes during closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 1.04 per cent higher to 9010.31 pts; while EGX20 finished 1.70 per cent up to 10804.31 pts.
In addition, the mid- and small-cap index, the EGX70 increased by 0.18 per cent to finish at 628.22 pts. The price index EGX100 hiked by 0.81 per cent to conclude at 1115.17 pts.
Furthermore, the market capitalization recorded EGP 506.202 billion on Tuesday.
Turnovers Exceed EGP One billion
Through the closing session of Tuesday, the trading volume has reached 367.826 million securities, with turnovers worth EGP 1.153 billion, exchanged through 36.143 transactions.
Also during the closing session, 178 listed securities have been traded in; 66 declined, 96 advanced; while 16 kept their previous levels.
The non-Arab foreign investors remained net buyers on Tuesday capturing 9.41% of the total market, with a net equity of EGP 103.428 million, excluding the deals.
On the contrary, local and Arab investors were net sellers seizing 82.39% and 8.2% respectively of the total markets, with a net equity of EGP 99.517 million and EGP 3.911 million respectively, excluding the deals.