EGX 30 Jumps 2.13% as Egyptian Stock Market Rebounds on Tuesday
Cairo – Egypt’s benchmark EGX 30 index closed Tuesday’s session up 2.13%, ending at 41,543 points, marking a strong rebound after losses recorded in the previous session.The EGX 70 index, which tracks small- and mid-cap stocks, gained 0.94%, while the broader EGX 100 index rose 1.26% by the close of trading.
In terms of investor activity, Egyptian investors posted net sales worth EGP 13.1 billion, while foreign investors recorded net purchases of EGP 7.6 billion. Arab investors also supported the market with net buying of EGP 5.4 billion.
The rally followed Monday’s decline, when the EGX 30 fell 0.54%, closing at 40,898 points.