Egypt Stocks Rebound on Tuesday, but EGX30 Solely down

Egypt’s stocks rebound on Tuesday posting gains worth 2.7 billion Egyptian pounds powered by foreign investors’ buying appetite. However, the country’s main stock index, EGX30 solely fell during closing session to close below 9115 points.

Indices

Egypt’s benchmark index EGX30 ended 0.48 per cent lower to 9112.69 pts; while EGX20 closed 0.12 per cent up to 10588.73 pts.

In addition, the mid- and small-cap index, the EGX70 hiked by 0.87 per cent to finish at 630.85 pts. The price index EGX100 grew by 0.44 per cent to conclude at 1134.19 pts.  
Furthermore, the market capitalization recorded EGP 516.102 billion on Tuesday.

Turnovers below EGP One billion
Through the closing session of Tuesday, the trading volume has reached 171.308 million securities, with turnovers worth EGP 809.997 million, exchanged through 25.219 transactions.                 
Also during the closing session, 183 listed securities have been traded in; 67 declined, 91 advanced; while 20 kept their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net buyers on Tuesday capturing 3.49% and 18.58% respectively of the total markets, with a net equity of EGP 1.113 million and EGP 87.597 million, respectively, excluding the deals.

On the other hand, Local investors were net sellers 77.94% of the total market, with a net equity of EGP 88.710 million, excluding the deals.