Egypt Stocks surge on Tuesday on Local and Arab Buyers

Egypt’s stock market shares surged on Tuesday posting gains worth 3.8 billion Egyptian pounds (US$510.7 million) powered by local and Arab investors’ strong buying appetite.

Accordingly, the country’s main stock index, EGX30 also inched higher to exceed 9945 points.

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

Indices:

The main stock index, EGX30 climbed by 1.14 per cent to 9946.58 points. EGX20 edged up by 1.29 per cent to 11082.71 points.

Meanwhile, the mid- and small-cap index EGX70 grew by 1.19% to 579.63 points. The price index, EGX100 also rose by 0.37% to 1146.25 points.

Turnovers above EGP1 billion
Through the closing session of Tuesday, the trading volume has reached 179.492 million securities, with turnovers climbed to EGP 1.448 billion, exchanged through 34.085 thousand transactions.                      
Also during the closing session, 191 listed securities have been traded in; 42 declined, 121 advanced; while 25 kept their previous levels.
Furthermore, the market capitalization recorded EGP 524.907 billion on Tuesday.

Investors’ Activities

Local and Arab investors were net buyers capturing on Tuesday 85.01% and 4.01% respectively of the total markets, with a net equity of EGP 7.838 million and EGP 9.825 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 10.98% of the total market, with a net equity of EGP 17.664 million, excluding the deals.