Egypt’s Benchmark Soars Above 4760 Pts – Opening

Egypt’s stock market has posted gains of EGP 2.5 billion during the opening session of Tuesday backed by the non-Arab foreign buying transactions.

The Egyptian Exchange’s indices were wavering in green notes early Tuesday.

Benchmark EGX30 edged up by 2.28% to 4764.9 p; while EGX20 climbed by 2.37% to 5245.91 p.

On the other hand, the mid- and small-cap index, the EGX70 inched higher by 1.27% to 361.02 p.  Price index EGX100 also surged by 1.39% to 636.88 p.

The capital market has opened at EGP 320.358 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (09:29 GMT) early Tuesday.

Trading Volumes & Values

The trading volume has recorded 7.942 million securities worth EGP 16.897 million, exchanged through 1788 transactions during Tuesday opening.

Also during the opening session, 98 listed securities have been traded in; 5 declined, 62 advanced; while 31 steadied.

Investors’ Activities

The non-Arab foreigners’ buying transactions have backed EGX’s opening gains as they were net buyers seizing 10.6% of the total markets, with a net equity of EGP 555.423 thousand excluding the deals.

Meanwhile, Egyptians and Arabs were net sellers seizing 87.37% and 2.03% respectively, of the total markets, with a net equity of EGP 544.231 thousand and EGP 11.192 thousand, excluding the deals.