Arab buying push EGX up early Monday

Cairo – Mubasher: The Egyptian Exchange (EGX) opened Monday’s session marginally up, bolstered by Arab buying.

By 10:50 am Cairo time, the benchmark EGX30 index inched up 0.01% or 1.79 points to the level of 13,614.30 points.

The EGX70 index settled at 743.18 points, while the EGX100 index grew 0.21% to 1,658.66 points.

The equal-weighted EGX50 index added 0.52% to 2,198 points.

Trading volume reached 81.9 million shares exchanged through 5,300 transactions at a turnover of EGP 217.04 million.

Arab investors were net buyers with EGP 7.03 million, while Egyptian and foreign investors were net sellers with EGP 2.9 million and EGP 4.1 million.

Blue chips including Elsewedy Electric Co, Egyptian Iron and Steel (HADISOLB), and Arabian Food Industries Co (Domty) rose 5.97%, 1.83%, and 1.35%, respectively.

On the other hand, Amer Group, Porto Group Holding, and Pioneers fell 2.86%, 2.22%, and 1.57%, respectively.

Commercial International Bank – Egypt (CIB) shed 0.56% to EGP 81.5.

 

Mubasher Contribution Time: 18-Sep-2017 09:24 (GMT)
Mubasher Last Update Time: 18-Sep-2017 09:24 (GMT)