Egypt’s EGX30 Booms Approaching 8495 at Open

Egypt’s stock market boomed at early trading on Tuesday with gains over 4 billion pounds. Accordingly, the main stock index – EGX30 climbed during opening session approaching 8495 points powered by local and non-Arab foreign buying appetite.

The Egyptian Exchange indices were back to green notes during the opening session of Tuesday.

The Benchmark EGX30 inched up by 1.04% to  8492.93 p, and EGX20 also surged by 1.22% to 10277.25 p.

Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.68% to 640.43 p.  Price index EGX100 went up by 0.79% to 1118.06 p.

Furthermore, market capitalization reached EGP 496.411 billion, according to data compiled by Amwal Al Ghad English at 11:25 p.m. Cairo time (09:25 GMT).

Trading Volumes & Values

The trading volume has recorded 45.013 million securities worth EGP 167.458 million, exchanged through 6615 transactions during Tuesday opening.

Also during the opening session, 132 listed securities have been traded in; 16 fell, 86 advanced; while 30 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net buyers at early trading on Tuesday capturing  92.74% and 4.97% respectively of the total markets, with a net equity of EGP 1.488 million and EGP 647.004 thousand respectively, excluding the deals.

On the other hand, Arab investors were net sellers seizing 2.28% of the total market, with a net equity of EGP 2.135 million, excluding the deals.