Egypt Stocks Gain EGP2.6 Bln, Main Gauge Ends 0.2% Higher

Egypt’s stock market has posted gains totaled at EGP 2.6 billion backed by local and Arab buyers by the end of Tuesday’s sessions.

The Egyptian Exchange’s indices flourished for the second day in a row this week, back to the green notes levels on Tuesday.

Egypt’s benchmark index EGX30 inched up by 0.24% to close at 4534.18 p; while the EGX20, it climbed by 1.14% to end 5070.91 p.

Meanwhile, the mid- and small-cap index, the EGX70 soared by 2.41% to conclude at 357.86 p.  The price index EGX100 also edged up by 1.64% to finish at 625.1 p.

The capital market has closed at EGP 314.027 billion on Tuesday afternoon.

Traded Volumes & Trades

Through the closing session of Tuesday, the trading volume reached 70.309 million securities. For the traded value, it reached EGP 172.521 million, exchanged through 13.496 thousand transactions.

Also during the closing session of Tuesday, 168 listed securities have been traded in; 20 declined, 116 advanced; while 32 keeping their previous levels.

Investors’ Activity

Egyptians and Arabs’ buying transactions have backed EGX’s closing gains as they were net buyers seizing 70.14% and 7% respectively, of the total markets, with a net equity of EGP 63.020 thousand and 8.951 million excluding the deals.

On the other hand, the non-Arab foreigners were net sellers seizing 22.86% of the total markets, with a net equity of EGP 9.014 million, excluding the deals.