Egypt Stocks rebound Tuesday, EGX30 surges

Egypt’s stocks climbed Tuesday posting gains worth 3 billion Egyptian pounds (US$383,1 billion) backed by on local and non-Arab investors’ buying appetite.

The market capitalisation has registered 474,833 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 climbed 1.32 percent to 7686.91 points.

EGX20 grew 1.14 percent to 7671.22 points.

In addition, the mid- and small-cap index EGX70 inched up 1.33 percent to 419.5 points. The price index, EGX100 rose 1.14 percent to 874.64 points.

Turnovers remain humble

On Tuesday, the bourse’s trading volume has reached 144,883 million securities, with turnovers closed at EGP 410,902 million, exchanged through 14,009 thousand transactions.

Also during the closing session, 155 listed securities have been traded in; 16 declined, 95 advanced; while 43 kept their previous levels.

Investors’ Activities

Local and non-Arab investors were net buyers Tuesday capturing 64.93% and 23.71% respectively of the total markets, with a net equity of EGP 7,414 million and EGP 2,189 million, respectively, excluding the deals.

On the contrary, Arab investors were net sellers seizing 11.36% of the total market, with a net equity of EGP 9,604 million, excluding the deals.