Egyptian Stocks gain EGP1 billion amid Ongoing Local Buying

Egypt’s stock market shares closed mostly higher on Tuesday with gains worth 1.02 billion Egyptian pounds (US$133.7 million) as local investors’ buying appetite continues.

The country’s main stock index, EGX30 remained in green notes to close above 9130 points.

The market capitalization has closed at EGP 506.201 billion on Tuesday.

Indices:

The main stock index, EGX30 went up by 0.17 percent to close at 9134.78 points. EGX20 grew by 0.84 percent to 9848.4 points.

In addition, the mid- and small-cap index EGX70 dipped by 0.02 percent to 517.61 points. The price index, EGX100 rose by 0.11 percent to 1045.63 points.

Turnovers still humble
On Tuesday, the trading volume has reached 93.723 million securities, with turnovers closed at EGP 640.373 million, exchanged through 19.024 thousand transactions.

Also during the closing session, 175 listed securities have been traded in; 53 declined, 90 advanced; while 29 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Tuesday capturing 75.91% of the total market, with a net equity of EGP 36.121 million, excluding the deals.

On the other hand, the non-Arab foreign investors and Arab investors were net sellers seizing 20.78% and 3.31% respectively of the total markets, with a net equity of EGP 24.119 million and EGP 12.002 million, respectively, excluding the deals.