Egyptian Stocks Rebound with EGP3.4bn Gains on Tuesday

Egypt’s stocks revived on Tuesday ending sessions with gains worth 3.4 billion Egyptian pounds backed by Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 grew above 8740 points.

The Egyptian Exchange’s indices were wavering in green notes during the closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 1.11 per cent higher to 8744.77 pts; and EGX20 1.81 per cent up to 10050.81 pts.

In addition, the mid- and small-cap index, the EGX70 soared by 2.40 per cent to finish at 596.95 pts. The price index EGX100 pushed up by 1.80 per cent to conclude at 1078.52 pts.  
Furthermore, the market capitalization recorded EGP 494.361 billion on Tuesday.

Turnovers Near EGP One billion
Through the closing session of Tuesday, the trading volume has reached 225.764 million securities, with turnovers worth EGP 875.877 million, exchanged through 25.976 transactions.               
Also during the closing session, 177 listed securities have been traded in; 18 declined, 134 advanced; while 21 kept their previous levels.

Investors’ Activities

Arab investors were net buyers on Tuesday capturing 9.02% of the total market, with a net equity of EGP 44.427 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors remained net sellers seizing 76.82% and 14.17% respectively of the total markets, with a net equity of 34.828 million and EGP 9.599 million, respectively, excluding the deals.