Cairo – Mubasher: The Egyptian Exchange finished Thursday’s trading session on a stronger note, as EGX indices collectively moved up to higher levels.
The benchmark added 257 points, or 3.56%, to reach 7,485.69 points, powered by the purchases of institutions. By nearing the level of 7,500 points thus, it registered the highest level since 8 November 2015.
Likewise, the equal-weighted EGX50 rose 2.54% to 1,373.65 points. The small and mid-cap EGX70 edged up 0.17% to 361.79 points. And the broader index EGX100 ended the session higher 1.88% to 783.70 points.
Market capitalisation gained EGP 7.8 billion ($867 million), closing at EGP 447.5 billion against EGP 439.7 billion yesterday.
With the volume of 658.35 million shares changing hand, the bourse registered EGP 1.57 billion in the market’s trading value.
Moreover, the Egyptian Exchange saw 121 stocks go up, 37 move down and 24 stay unchanged.
Foreign and Arab investors were net buyers by EGP 105.9 million and EGP 23 million, while Nationals were net sellers by EGP 128.9 million.
By category, institutions were ranked as buyers, while individuals tend to sell their stocks.
