Egyptian Stocks End Tuesday with EGP638 million Gains

Egypt’s stocks ended higher on Tuesday with gains worth 638 million Egyptian pounds backed by local investors’ buying appetite. As a result, the country’s main stock index, EGX30 closed in green.

In addition, the Egyptian Exchange’s indices were wavering on green notes during the closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 0.32 per cent higher to 9811.4 pts; while EGX20 finished 0.44 per cent up to 11496.74 pts.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.72 per cent to finish at 637.3 pts. The price index EGX100 also rose by 0.59 per cent to conclude at 1167.93 pts.  
Furthermore, the market capitalization recorded EGP 526.214 billion on Tuesday.

Turnovers Remain below EGP One billion
Through the closing session of Tuesday, the trading volume has reached 175.526 million securities, with turnovers worth EGP 849.829 million, exchanged through 27.770 transactions.               
Also during the closing session, 176 listed securities have been traded in; 52 declined, 98 advanced; while 22 kept their previous levels.

Investors’ Activities

Local investors were net buyers on Tuesday attaining 71.63% of the total market, with a net equity of EGP 4.255 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers  seizing 19.35% and 9.01% respectively of the total markets, with a net equity of EGP 3.844 million and EGP 410.621 thousand, respectively, excluding the deals.