Indices of the Egyptian Exchange (EGX) ended Tuesday’s session on an up note, powered by buying activities by local and Arab traders.
The benchmark index EGX30 ended 0.93% or 87.86 points higher at 9534.08 points, as the Central Bank of Egypt(CBE) announced closing subscription to Suez Canal certificates after collecting EGP 61 billion.
The small and mid-cap index EGX70 rose 0.77% to 628.69 points. The broader index EGX100 ended 0.95% higher at 1138.31 points.
Market capitalization gained around EGP 2.372 billion to reach EGP 520.557 billion, compared with EGP 518.185 billion on Monday.
Turnover amounted to nearly EGP 581.9 million, after 121 million shares were exchanged in 20.9 thousand transactions.
Local and Arab traders ended as net buyers by EGP 41.9 million and EGP 8.77 million respectively, while foreigners were net sellers by EGP 50.7 million.
Retail traders accounted for 63.9% of total trading, with nationals and Arabs heading for heavy selling. Meanwhile, institutions made up 36.1% of total trading, with nationals and Arabs heading for buying.
The benchmark index EGX30 ended 0.93% or 87.86 points higher at 9534.08 points, as the Central Bank of Egypt(CBE) announced closing subscription to Suez Canal certificates after collecting EGP 61 billion.
The small and mid-cap index EGX70 rose 0.77% to 628.69 points. The broader index EGX100 ended 0.95% higher at 1138.31 points.
Market capitalization gained around EGP 2.372 billion to reach EGP 520.557 billion, compared with EGP 518.185 billion on Monday.
Turnover amounted to nearly EGP 581.9 million, after 121 million shares were exchanged in 20.9 thousand transactions.
Local and Arab traders ended as net buyers by EGP 41.9 million and EGP 8.77 million respectively, while foreigners were net sellers by EGP 50.7 million.
Retail traders accounted for 63.9% of total trading, with nationals and Arabs heading for heavy selling. Meanwhile, institutions made up 36.1% of total trading, with nationals and Arabs heading for buying.
Source:
Mubasher Exclusive
