Egyptian Stocks Booming at Early Trades, EGX30 Crosses 8080

Egyptian stock market opened higher on Tuesday with gains amounting to 3.3 billion pounds powered by local buying appetite. Accordingly, the country’s main stock index – EGX30 rallied to cross 8080 points at early trading.

The Egyptian Exchange indices were booming in green notes during opening trading session of Tuesday.

The Benchmark EGX30 surged by 1.31% to 8080.55 p; EGX20 also pushed up by 1.82% to 9742.95 p.

Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.76% to 662.89 p.  Price index EGX100 inched up by 0.74% to 1128.11 p.

Furthermore, market capitalization reached EGP 494.773 billion, according to data compiled by Amwal Al Ghad English at 11:06 a.m. Cairo time (09:06 GMT).

Trading Volumes & Values

The trading volume has recorded 28.914 million securities worth EGP 92.098 million, exchanged through 3650 transactions during Tuesday opening.

Also during the opening session, 97 listed securities have been traded in; 6 fell, 69 advanced; while 22 keeping their previous levels.

Investors’ Activities

Egyptians were net buyers capturing 90.68% of the total market, with a net equity of EGP 7.776 million, excluding the deals.

On the other hand, Arabs and the non-Arab foreigners were net sellers seizing 5.78% and 3.54% respectively of the total markets, with a net equity of EGP 6.615 million and EGP 1.160 million respectively, excluding the deals.