Egypt Stocks Open Higher with EGP1.9bn Gains on Tuesday

Egypt’s stocks kicked off a new higher with gains worth 1.9 billion Egyptian pounds backed by Egyptian investors’ early buying appetite. In addition, the country’s main stock index, EGX30 opened higher hovering over 9540.25points level on Tuesday.

The Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of  Tuesday.

Indices

The Benchmark EGX30 inched up by 0.93% to 9540.25 p, and EGX20 hiked by 1.19% to 11480.65 p.

In addition, the mid- and small-cap index, the EGX70 went up by 670% to 668.07 p.  Price index EGX100 rose by 0.58% to 1183.99 p.

Furthermore, market capitalization reached EGP 525.461 billion.

Trading Volumes & Values

The trading volume has reached 8.761million securities worth EGP 40.010 million, exchanged through 1.97 thousand transactions during Tuesday opening.

Also during the opening session, 87 listed securities have been traded in; 7 fell, 54 advanced; while 24 keeping their previous levels.

Investors’ Activities

Egyptian investors were net buyers at early trade acquiring 85.67% of the total market, with a net equity of EGP 4.8 million, excluding the deals.

On the other hand, Arab and foreign investors were net sellers of EGP 3.2 million and EGP EGP1.6 million, excluding the deals.