Egypt Stocks Gain EGP3.7bn on Tuesday, EGX30 Hikes to 9530

Egypt’s stocks closed with gains amounting to 3.7 billion Egyptian pounds on Tuesday bolstered by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 continued its rally crossing 9530 points.

The Egyptian Exchange’s indices were wavering in green notes during the closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 0.99 per cent higher to 9530.58 pts; and EGX20 closed 1.34 per cent up to 11041.56 pts.

In addition, the mid- and small-cap index, the EGX70 increased by 0.12 per cent to finish at 619.12 pts. The price index EGX100 went up by 0.24 per cent to conclude at 1131.96 pts.  
Furthermore, the market capitalization recorded EGP 512.526 billion on Tuesday.

Turnovers Exceed EGP One billion and Half
Through the closing session of Tuesday, the trading volume has reached 373.263 million securities, with turnovers worth EGP 1.545 billion, exchanged through 41.723 transactions.               
Also during the closing session, 188 listed securities have been traded in; 58 declined, 103 advanced; while 24 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Tuesday capturing 6.85% of the total market, with a net equity of EGP 114.608 million, excluding the deals.

On the other hand, local and Arab investors and were net sellers seizing 84.45% and 8.71% respectively of the total markets, with a net equity of EGP 79.511 million and EGP 35.096 million, respectively, excluding the deals.