Cairo – Mubasher: The Egyptian Exchange initiated Monday's Trading session on a stronger note backed by national and foreign investors' buying appetite.
The main index gained 33.6 points, 0.42%, to 7,938 points by 10:55am Cairo time.
The small and mid-cap index EGX70 rose 0.55% to 345.9 points.
The broader index EGX100 was higher 0.5% to 782 points and the equal-weighted index EGX50 increased by 0.4% to 1,328 points.
National and foreign traders were net buyers by EGP 2.2 million and EGP 3.9 million respectively, while Arab investors were net sellers by EGP 6.1 million.
Trading value reached EGP 77 million after 22.5 million shares were traded.
Beltone led the gainers with a 9.96% rise, while Delta Sugar was the biggest loser with a 9.2% slide.
Earlier, MubasherTrade Research said, "breaching the support 7,900 considered bearish and it might push the index down towards 7,850",
"Stepping in is not recommended unless buying power takes place", the research firm concluded.
