Egyptian stock market rises 1.63% with humble gains

Egyptian stock markets inched up on Tuesday obtaining gains estimated at 714 million Egyptian pounds ( US$91 million) on Arab and foreign buying appetite.

The market capitalisation reached 387.232 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 rose by 1.63 percent to 5894.6 points.

The EGX50 EWI index increased by 1.25 percent to 1091.75 points.

EGX20 surged by 2.10 percent to 5932.74 points.

In addition, the mid- and small-cap index EGX70 boosted by 0.16 percent to 353.78 points. The price index, EGX100 went up by 0.41 percent to 706.31 points.

Turnovers up

On Tuesday, the bourse’s trading volume has recorded 214.428 million securities, with turnovers closed at 1.673 billion pounds, exchanged through 22,369 thousand transactions.

Also during the closing session, 170 listed securities have been traded in; 35 declined, 88 advanced; while 41kept their previous levels.

Investors’ Activities

Arab and foreign investors were net buyers on Tuesday  getting 1.66 percent and 5.8 percent respectively of the total markets, with a net equity of 15.468 million pounds and 1.231 million pounds, respectively, excluding the deals.

On the contrary, the Egyptian investors were net sellers seizing 92.55 percent of the total market, with a net equity of 16.700 million pounds, excluding the deals.