Egyptian Stocks Open Mostly Higher, EGX30 Nears 9005

Egypt’s stock market shares opened mostly higher on Tuesday, recording early gains worth 1.25 billion Egyptian pounds triggered by local investors’ buying appetite.  The country’s main stock index, EGX30 started trading higher nearing 9005 points.

The Egyptian Exchange’s indices were wavering on green notes, except for the mid- and small-cap index, the EGX70 which solely falls during the opening session of Tuesday.

Indices

The Benchmark EGX30 inched up by 0.52% to 9004.99 p. In addition, EGX20 grew by 0.45% to 10163.66 p.

The mid- and small-cap index, the EGX70 dipped by 0.08% to 570.55 p.  Price index EGX100 advanced by 0.04% to 1087.79 p.

Furthermore, market capitalization reached EGP 502.450 billion, according to data compiled by Amwal Al Ghad English at 11:11 a.m. Cairo time (09:11 GMT).

Trading Volumes & Values

The trading volume has reached 93.394 million securities worth EGP 459.037 million, exchanged through 8195 transactions during Tuesday opening.

Also during the opening session, 125 listed securities have been traded in; 53 fell, 42 advanced; while 29 keeping their previous levels.

Investors’ Activities

Local investors were net buyers at early trade capturing 92.77% of the total market, with a net equity of EGP 5.153 million, excluding the deals.

On the other hand, Arab and non-Arab foreign investors were net sellers seizing 2.15% and 5.09% respectively of the total markets, with a net equity of EGP 3.204 million and EGP 1.948 million, excluding the deals.