Egypt stocks rally as foreign investors resume buying

Egypt’s bourse ended higher on Tuesday as foreign investors resumed purchasing.

Main index climbed 1.08 percent, to 7497.33 points.

Other indices; EGX50 EWI index gained 1.06 percent, to 1399.06 points; while EGX20 picked up 1.60 percent, to 7672.91 points.

Mid- and small-cap index EGX70 rose 0.92 percent, to 373.03 points. Price index, EGX100 went up 0.83 percent, to 782.28 points.

Market Caps

Market capitalisation gained 3.36 billion Egyptian pounds ($378.4 million), to record 403.572 billion pounds during the closing session of Tuesday.

Turnovers soar

The bourse’s trading volume hit 170.248 million securities, with turnovers, closing at 4.039 billion pounds, exchanged through 19,031 transactions.

Also during the closing session, 174 listed securities have been traded in, 21 declined, 106 advanced; while 40 kept their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net buyers controlling 97.19 and 1.85 percent respectively of the total markets, with a net equity of 3.866 million pounds and 12.128 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers capturing 0.96 percent of the total market, with a net equity of 15.995 million pounds, excluding the deals.