CIB weighs on EGX30 Tuesday after Eid Al Adha holiday

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session, the first after the Eid Al Adha holiday, on a mixed note amid foreign and Arab selling.

The benchmark EGX30 index inched down 0.01% or 0.72 points to the level of 13,415.05 points, pressured by the decline of Commercial International Bank – Egypt (CIB).

The EGX70 index tumbled 0.14% to 691.58 points, while the EGX100 index slipped 0.06% to 1,564 points.

The equally-weighted EGX50 index edged up 0.68% to 2,059 points.

Trading volume reached 207.10 million shares exchanged at a turnover of EGP 624.26 million through 16,600 transactions.

Market capitalisation lost EGP 179.7 million and closed at EGP 704.8 billion.

Egyptian and Arab investors were net sellers with EGP 14.8 million and EGP 76.6 million, respectively, while foreign investors were net buyers with EGP 91.4 million.

Blue chips Porto Group Holding, Egyptian Resorts, and Ezz Steel rose 7.69%, 4.85%, and 4.17%, respectively.

On the other hand, Global Telecom, Eastern Company, and Emaar Misr dropped 4.12%, 3.10%, and 1.04%, respectively.

CIB fell 0.88% to EGP 83.51, with a turnover of EGP 89.22 million.

Mubasher Contribution Time: 05-Sep-2017 13:22 (GMT)
Mubasher Last Update Time: 05-Sep-2017 13:32 (GMT)