EGX benchmark rebounds in midday trade

Cairo – Mubasher: The Egyptian Exchange (EGX) benchmark index EGX30 rebounded in Tuesday’s midday trade amid buying activity by local and Arab investors.

The benchmark bounced up to the level of 5,864.46 points in midday trade after it lost 1.37% in early trade.

Local and Arab investors came as net buyers with EGP 26.15 million and EGP 8.3 million respectively, while foreign investors came as net sellers with EGP 34.4 million.

The stocks of the heavy weigh Commercial International Bank, Orascom Telecom media and Talaat Moustafa Group went up by 1.79%, 4.58% and 1.15% respectively.

The small and mid-cap index EGX70 inched up 0.4% or 1.42 points to the level of 353.43 points, while the broader index EGX100 edged up 0.39% or 2.73 points to 707.77 points.

Similarly, the equal weigh index EGX50 gained 0.04% reaching the level of 1,070.3 points.

The market witnessed 134.5 million shares changed hands worth EGP 288.2 million, carried out through 13,000 transactions.

Mubasher Contribution Time: 26-Jan-2016 11:10 (GMT)