Egypt Stocks Open Mixed, EGX30 Nears 8330

Egypt’s stocks opened higher on Tuesday with gains amounting to 248 million Egyptian pounds bolstered by foreign investors’ early buying appetite. Accordingly, the main stock index, EGX30 also started trading in green crossing 8325 points.

Meanwhile, the EGX indices were wavering in mixed notes during the opening session of Tuesday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan.

The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan.

Indices

The Benchmark EGX30 went up by 0.20% to 8328.03 p, and EGX20 rose by 0.15% to 10085.65 p.

On the other hand, the mid- and small-cap index, the EGX70 fell by 0.08% to 604.27 p.  Price index EGX100 also dipped by 0.04% to 1057.99 p.

Furthermore, market capitalization reached EGP 483.792 billion, according to data compiled by Amwal Al Ghad English at 11:03 a.m. Cairo time (09:03 GMT).

Trading Volumes & Values

The trading volume has recorded 34.380 million securities worth EGP 110.777 million, exchanged through 3242 transactions during Tuesday opening.

Also during the opening session, 92 listed securities have been traded in; 32 fell, 28 advanced; while 32 keeping their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers at early trade on Tuesday capturing 5.71% and 14.67% respectively of the total markets, with a net equity of EGP 6.651 million and EGP 21.507 million, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 79.62% of the total market, with a net equity of EGP 28.159 million, excluding the deals.