Egypt Stocks Gains EGP1.7 bln, EGX 30 Ups 0.05% – Midday

Backed by local and Arab buyers, Egypt’s stock market has posted gains of EGP 1.7 billion by the midday session of Tuesday.

The Egyptian Exchange’s indices were wavering in green notes by Tuesday noon.

Benchmark EGX30 rose by 0.05% to 4525.78 p; while EGX20 edged up by 0.79% to 5053.06 p.

On the other hand, the mid- and small-cap index, the EGX70 climbed by 1.40% to 354.31 p.  Price index EGX100 also went up by 0.92% to 620.67 p.

The capital market has reached EGP 313.055 billion during the midday session of Tuesday, according to data compiled by Amwal Al Ghad English at 13:02 p.m. Cairo time (11:02 GMT).

Trading Volumes & Values

The trading volume has recorded 32.173 million securities worth EGP 87.601 million, exchanged through 7.691 thousand transactions during Tuesday midday.

Also during the midday session, 143 listed securities have been traded in; 16 declined, 93 advanced; while 34 steadied.

Investors’ Activities

Egyptians and Arabs’ buying transactions as they were net buyers seizing 76.27% and 7.41% respectively, of the total markets, with a net equity of EGP 310.314 thousand and EGP 3.862 million, excluding the deals.

Meanwhile,  the non-Arab foreigners were net sellers seizing 16.32% of the total markets, with a net equity of EGP 4.172 million excluding the deals.