Cairo – Mubasher: The Egyptian Exchange (EGX) opened Sunday’s trading session mixed amid Egyptian and Arab selling.
By 10:28 am Cairo time, the benchmark EGX30 index tumbled 0.16% or 21.3 points to the level of 12,905.10 points.
The EGX70 index ascended 1.24% to 699.72 points, while the EGX100 gained 0.85% to 1,568.36 points.
The equally-weighted EGX50 index added 0.24% to 1,997.78 points.
Trading volume reached 13.4 million shares exchanged at a turnover of EGP 46.2 million through 1,500 transactions.
Foreign investors were net buyers by EGP 3.2 million, while Egyptian and Arab investors were net sellers by EGP 1.14 million and EGP 2.12 million, respectively.
Blue chips Egyptian Financial and Industrial (EFIC), Egyptian Financial Group Hermes Holding, and Arab Cotton Ginning levelled up 2.8%, 1.57%, and 1.32%, respectively.
On the other hand, Amer Group, Porto Group Holding, and Commercial International Bank – Egypt (CIB) shed 3.45%, 2.63%, and 1.02%, respectively.
The EGX is expected to see a sideways performance during the week before the Eid Al Adha holiday amid the traders’ anticipation of liquidity levels, analysts told Mubasher.
