Egypt Stocks Open Higher with EGP2.9bln Gains

Egypt’s stocks opened higher on Tuesday with gains of 2.9 billion Egyptian pounds triggered Egyptian and Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 kicked off trading above 9536.57 points.

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

Indices

The Benchmark EGX30 surged by 0.96% to 9536.57p, and EGX20 rose by 1.3% to 11376.69p.

In addition, the mid- and small-cap index, the EGX70 went up by 0.76% to 628.6 p.  Price index EGX100 grew by 0.9% to 1137.77p.

Furthermore, market capitalization reached EGP 521.074 billion.

Trading Volumes & Values

The trading volume has reached 16.214 million securities worth EGP 69.639 million, exchanged through 2.1 thousand transactions during Tuesday opening.

Also during the opening session, 79 listed securities have been traded in; 8 fell, 8advanced; while 15 keeping their previous levels.

Investors’ Activities

Egyptian and Arab investors were net buyers at early trade acquiring 72.36% and 6.78% respectively of the total markets, with a net equity of EGP 1.5 million and EGP 6.97 million, excluding the deals.

On the other hand, the foreign investors were net sellers seizing EGP 8.5million, excluding the deals.