Egypt Stocks Snaps 4-Day Losses, EGX 30 Crosses 5405 pts at Opening

Egypt’s stock market snapped its 4-day streak of losses to post opening gains of EGP 3.2 billion on Tuesday. The benchmark climbed to 5405 pts on Tuesday morning.

Egyptian Exchange (EGX) is performing its sessions today normally with 4-hour trading sessions after 2-day transactions with reduced hours to three hours only.

For the EGX indices, they were wavering in green notes during the opening session of Tuesday.

Benchmark EGX30 inched up by 1.51% to 5409.44 p; while EGX20 climbed by 1.62% to 6302.71 p.

On the other hand, the mid- and small-cap index, the EGX70 surged by 1.02% to 430.49 p.  Price index EGX100 increased by 1.01% to 736.96 p.

The capital market has reached EGP 356.256 billion during the opening session of Tuesday, according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT).

Trading Volumes & Values

The trading volume has recorded 21.887 million securities worth EGP 71.625 million, exchanged through 2692 transactions during Tuesday opening.

Also during the opening session, 96 listed securities have been traded in; 71 rose; while 25 keeping their previous levels.

Investors’ Activity

Egyptians were net buyers backing EGX’s early gains as they seized 61.96% of the total market, with a net equity of EGP 9.689 million, excluding the deals.

Meanwhile, the non-Arab foreigners and Arabs remained net sellers seizing 30.75% and 7.32% respectively, of the total market, with net equities of EGP 8.636 million and EGP 1.053 million, excluding the deals.