Cairo – Mubasher: The Egyptian Exchange finished Monday’s trading session in the green territory, registering the highest closing since 27 July 2016 amid increasing speculations on the Egyptian pound’s devaluation.
The benchmark index EGX30 gained 252 points, or 3.2%, to close at 8,133.1 points.
The small and mid-cap index EGX70 inched up 0.02% to the mark of 351.7 points.
Likewise, the broader index EGX100 was higher 0.7% to 795.7 points and the equal-weighted index EGX50 rose 2.6% to 1,346.07 points.
Trading value stood at EGP 760.995 million after 222.4 million shares were traded.
Market turnover levelled up by EGP 7.2 billion to EGP 412 billion by the end of the session.
EFG-Hermes was the most active stock in terms of value after registering EGP 132.4 million. The stock quote was placed at EGP 13.28 with a 6.5% rise.
The largest EGX30 constituent went up by 3.7% to EGP 49.89 with a turnover of EGP 111 million.
Foreign investors were net buyers by EGP 48.96 million, while Egyptian and Arab traders were net sellers by EGP 26.8 million and EGP 22.1 million, respectively.
Misr Hotels was the top advancer with a 9.98% rise, while National Housing for Professional Syndicates led the losers with a 9.97% slide.
