Following Easter Holiday, Egypt Stocks gain EGP1.1 billion

Egypt’s stock market gained Tuesday gains totalling 1.1 billion Egyptian pounds (US$144.2 million) powered by foreign investors’ buying appetite.

The stocks have resumed Tuesday their trading session following a two-day official vacation on the occasion of Easter and Sham El Nessim.

The market capitalization has hit 511.963 billion pounds during the closing session of Tuesday.

Indices:

Egypt’s benchmark index, EGX30 edged up by 0.39 percent to close at 8927.53 points. EGX20 rose by 0.38 percent to 9534.54 points.

In addition, the mid- and small-cap index EGX70 remained with no change in value 496.42 points. The price index, EGX100 increased by 0.11 percent to 1013.1 points.

Turnovers below EGP1 billion
On Tuesday, the bourse’s trading volume has hit 109.945 million securities, with turnovers closed at EGP 899.166 million, exchanged through 17.108 thousand transactions.

Also during the closing session, 171 listed securities have been traded in; 63 declined, 59 advanced; while 43 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers on Tuesday capturing 18.83% and 6.58% respectively of the total markets, with a net equity of EGP 34.392 million and EGP 54.538 million, respectively, excluding the deals.

On the other hand, local investors were net sellers seizing 74.59% of the total market, with a net equity of EGP 88.931 million, excluding the deals.