Cairo – Mubasher: The Egyptian Exchange's indices collectively initiated Wednesday's trading session in the green zone by 10:20am Cairo time.
The main index EGX30 added 340 points, or 4.52%, to reach 7,880 points. The small and mid-cap index was 0.81% higher to 364.7 points, while the broader index EGX100 increased by 1.37% to 782 points.
The equal-weighted index EGX50 was up 2.74% to 1387.7 points.
The largest EGX30 constituent CIB moved up by 5.67%.
Likewise, SODIC, EFG-Hermes, Global Telecom, Pioneers, Palm Hills, and TMG saw a rise ranging from 4.3% to 14.5%.
National and Arab investors were net buyers by EGP 10.2 million and EGP 763,000 respectively, while foreigners were net sellers by EGP 10.9 million.
Trading value reached EGP 347 million after 132 million shares were traded.
Out of 99 traded stocks, 78 went up, 2 were down and 19 remained unchanged.
Earlier, analysts told Mubasher that the EGX was likely to rise on Wednesday by the government's decision to take a $12 billion loan from the International Monetary Fund (IMF).
