Egypt Stocks Gain EGP1.6bn, EGX30 Crosses 9825 – Midday

Egypt’s bourse posted gains worth 1.64 billion Egyptian pounds backed by Arab investors’ buying appetite during Tuesday’s midday session. Accordingly, the country’s main stock index, EGX30 surged at midday trade above 9825 points.

Meanwhile, the EGX indices were wavering on green notes during the midday session of Tuesday.

Indices

The Benchmark EGX30 hiked by 0.47% to 9826.03 p, and EGX20 grew by 0.74% to 115321.32 p.

In the contrary, the mid- and small-cap index, the EGX70 went up by 0.73% to 637.39 p. Also, the Price index EGX100 advanced by 0.46% to 1166.45 p.

Furthermore, market capitalization reached EGP 527.215 billion, according to data compiled by Amwal Al Ghad English at 12:52 p.m. Cairo time (10:52 GMT).

Trading Volumes & Values

The trading volume has recorded 91.573 million securities worth EGP 428.964 million, exchanged through 14.324 transactions during Tuesday midday.

Also during the midday session, 151 listed securities have been traded in; 37 fell, 85 advanced; while 26 keeping their previous levels.

Investors’ Activities

Arab investors were net buyers at midday trade capturing 8.58% of the total market, with a net equity of EGP 16.745 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net sellers seizing 76.82% and 14.6% respectively of the total markets, with a net equity of EGP 5.899 million and EGP 10.845 million, excluding the deals.