Egyptian stocks rebound Tuesday as local, non-Arab buy

Egypt’s stock market surged Tuesday recording gains worth 1.6 billion Egyptian pounds (US$204 million) bolstered by local and non-Arab foreign buyers.

The market capitalisation has recorded 426.194 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 surged 0.75 percent to 6794.75 points.

EGX50 EWI index grew 0.70 percent to 1182.03 points.

EGX20 rose 0.93 percent to 6895.19 points.

In addition, the mid- and small-cap index EGX70 hiked 0.82 percent to 373.4 points. The price index, EGX100 increased 0.91 percent 776.02 points.

Turnovers

On Tuesday, the bourse’s trading volume hit 215.190 million securities, with turnovers closed at  962.878 million pounds, exchanged through 20,356 thousand transactions.

Also during the closing session,165 listed securities have been traded in; 45 declined, 81 advanced; while 36 kept their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net buyers Tuesday capturing 89.68 percent and 4.47 percent respectively of the total markets, with a net equity of 8.014 million pounds and 26.176 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers seizing 5.85 percent of the total market, with a net equity of 34.190 million pounds, excluding the deals.