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Egypt’s market gains LE4 billion on Tuesday, EGX30 rises 2.8 %

Egypt's equities rebounded on Tuesday's session, as more stable oil prices and Asian markets prompted some investors to buy back shares after several days of steep declines according to Reuters.
 
The benchmark EGX30 index increased 2.75 percent, to 6,836.95 with a turnover of LE396.2 million, the Egyptian Exchange data showed.
 
Meanwhile, the small and mid-cap EGX70 index and the broader EGX100 index rose 1.9 percent and 1.03 percent, respectively.
 
Local and Arab institutions were net buyers recording a net flow of LE22.5 million and LE29.4 million, respectively, while foreign institutions were net sellers, recording net flows of LE11.2 million.
 
The EGX market capital gained LE4 billion (US$513 million), hitting LE424.80 billion, compared to LE420.80 billion on Monday. 
 
 

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