Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 Index rose 0.90 percent reaching 8,877.68 points, and a turnover of LE 834.5 million, the Egyptian Exchange data showed.
"The market is continuing to make gains following yesterday’s announcement concerning putting capital gains tax on hold for two years while keeping the 10 percent tax on cash dividends," said Sigma Securities Brokerage.
Meanwhile, the small and mid-cap index EGX70 and the broader EGX100 index declined by 0.97 percent and 1.09 percent, respectively.
Foreign and local institutions were net sellers, recording net flows of LE48.3 million and LE9.5 million, respectively, while Arab institutions were net buyers, recording net flows of LE40.3 million.
The EGX market capital gained LE1.15 billion (US$151 million) to hit LE502.74 billion, compared to LE 501.59 billion on Monday.
