Egyptian Stocks gain EGP1.6 billion as Non-Arab foreign buys

Egypt stock market shares gained on Tuesday 1.65 billion Egyptian pounds (US$216.4 billion) backed by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 grew above 9560 points.

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

Indices:

The benchmark index, EGX30 went up by 0.34 percent to close at 9561.33 points. EGX20 dipped by 0.01 percent to 10386.85 points.

In addition, the mid- and small-cap index EGX70 increased by 0.03 percent to 549.53 points. The price index, EGX100 surged by 0.20 percent to 1110.5 points.

Turnovers
On Tuesday, the trading volume has reached 92.272 million securities, with turnovers closed at EGP 1.107 billion, exchanged through 18.526 thousand transactions.

Also during the closing session, 177 listed securities have been traded in; 72 declined, 61 advanced; while 40 kept their previous levels.

Furthermore, the market capitalization recorded EGP 524.870 billion on Tuesday.

Investors’ Activities

The non-Arab foreign investors were net buyers on Tuesday capturing 13.72% of the total market, with a net equity of EGP 10.359 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing 83.68% and 2.6% respectively of the total markets, with a net equity of EGP 2.848 million and EGP 7.510 million, respectively, excluding the deals.