Cairo – Mubasher: The Egyptian Exchange (EGX) initiated the mid-week trading session on a higher note backed by national and Arab investors' buying appetite.
By 10:54am Cairo local time (CLT), the benchmark index added 70.59 points, or 0.89%, to reach 8044.7 points.
The small and mid-cap index EGX70 edged up by 0.17% to 351.86 points.
The broader index EGX100 was higher 0.32% to 803.7 points.
The equal-weighted index EGX50 increased 0.62% to 1,354 points.
Egyptians and Arab investors were net buyers by EGP 193,000 and EGP 6.3 million respectively, while foreigners were net sellers by EGP 6.54 million.
By 10:58 CLT, trading value reached EGP 61.9 million after 20 million shares were traded.
Beltone Holding topped the gainers with a 9.96% rise, while El Obour Real Estate Investment was the worst performer with a 6.98% slide.
Earlier, MubasherTrade Research said, "Breaking below 8,303-7,993 is considered bearish and in turn leads to further declining towards 7,850. On the other hand, testing the broken resistance 8,030 doesn't change the previous view; unless the index managed to pull back above it, then the cross below it would be considered as a " false breakout ."
