Egyptian Shares Gain EGP1.8 billion at Open

Big 5

Egypt’s stocks surged at early trade on Tuesday earning 1.8 billion Egyptian pounds amid foreign buying appetite. In return, the main stock index, EGX30 hiked to 8645 points.

Meanwhile, the Egyptian Exchange (EGX)’s indices were wavering in green notes during the opening session of Tuesday.

The Benchmark EGX30 inched up by 0.73% to 8645.62 p, and EGX20 increased by 0.74% to 10397.18 p.

On the contrary, the mid- and small-cap index, the EGX70 rose by 0.30% to 624.28 p. Price index EGX100 advanced by 0.30% to 1089 p.

Furthermore, market capitalization reached EGP 495.491 billion, according to data compiled by Amwal Al Ghad English at 11:12 a.m. Cairo time (08:12 GMT as Egypt turned to Daylight saving time).

Trading Volumes & Values

The trading volume has recorded 54.232 million securities worth EGP 149.643 million, exchanged through 4227 transactions during Tuesday opening.

Also during the opening session, 103 listed securities have been traded in; 16 fell, 59 advanced; while 28 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers at opening trade on Tuesday capturing 8.95% and 7.74% respectively of the total markets, with a net equity of EGP 11.517 million and EGP 3.876 million respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 83.31% of the total market, with a net equity of EGP 15.393 million, excluding the deals.