Egypt Stocks gain EGP5.8 billion, EGX30 crosses 9800

Egypt’s stock market shares surged on Tuesday with gains totalling 5.8 billion Egyptian pounds (around US$800 million) powered by Arab investors’ strong buying appetite. The country’s main stock index, EGX30 climbed to exceed 9800 points.

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

Indices:

The main stock index, EGX30 grew by 2.14 per cent to 9804.18 points. EGX20 pushed up by 2.35 per cent to 10933.89 points.

Meanwhile, the mid- and small-cap index EGX70 rose by 0.41% to 570.58 points. The price index, EGX100 hiked by 0.71% to 1148.06 points.

Turnovers above EGP1 billion
Through the closing session of Tuesday, the trading volume has reached 210.947 million securities, with turnovers worth EGP 1.434 billion, exchanged through 32.318 thousand transactions.                      
Also during the closing session, 190 listed securities have been traded in; 61 declined, 98 advanced; while 25 kept their previous levels.
Furthermore, the market capitalization recorded EGP 518.838 billion on Tuesday.

Investors’ Activities

Arab investors were net buyers capturing on Tuesday 7.25% of the total market, with a net equity of EGP 86.873 million, excluding the deals.

On the other hand, local and non-Arab foreign investors were net sellers seizing 83.49% and 9.25% respectively of the total markets, with a net equity of EGP 26.696 million and EGP 60.176 million, respectively, excluding the deals.