Cairo – Mubasher: The Egyptian Exchange opened Monday’s trading session in the green territory.
The main index EGX30 gained 105.8 points, or 1.37%, to stand at 7,705.4 points by 10:20am Cairo time.
The small and mid-cap index EGX70 edged up 0.3% to 361.06 points and the broader index EGX100 moved up by 0.44% to 773.5 points.
The largest EGX30 constituent CIB rose by 1.5% to EGP 43.3, registering a turnover of EGP 10.5 billion by 10:23am.
Trading value reached EGP 59.7 million after 27.8 million shares were traded.
Egyptians were net buyers by EGP 1.98 million, while Arab and foreign investors were net sellers by EGP 602,000 and EGP 1.4 million correspondingly.
Market analyst at EGS Brokers Hoda El Menshawy assured that the benchmark will leave the dangerous zone on the short term only by crossing the area ranging from 7,603 to 7,645 points.
In the event of any other downward scenario, “the main gauge is to target all previous marks until reaching the bottom of the channel at 6,830 points”, she said.
