Cairo - Mubasher: The Egyptian Stock Exchange (EGX) ended Wednesday’s trading in the green zone for the second consecutive session, pushed by Arab investors buying.
The benchmark index, EGX 30 gained 0.96% or 77 points, and closed at the level of 8,158.04 points.
EGX 70 also rose 0.08% to 357.47 points, and EGX 100 added 0.38% and closed at 807.5 points.
Meanwhile, the equal weighted index EGX50 levelled up 0.28% to 1,380.28 points.
Arab and Egyptian investors leaned towards buying netting EGP 11.3 million, and EGP 221,000 respectively, while foreign investors were net sellers with EGP 11.5 million.
A number of blue chips rose today, as Telecom Egypt reached its highest level in a year and a half at EGP 10.1, rising 2.65%, and registering EGP 51.2 million, after obtaining the 4G license.
Cairo International Bank (CIB) rose 0.48%, closing at EGP 48.89.
Institutions were net sellers with EGP 17.3 million, while individuals tended to buy.
Total traded volume reached 156 million shares, with a total turnover of EGP 507.2 million.
A total of 57 stocks rose today, while other 58 fell, and 46 remained unchanged.
Misr National Steel led the session’s gainers with 9.9%, followed by El Nozha International Hospital, Ismailia National Food Industries, Pachin, and Orange Egypt.
On the other hand, Egypt for Poultry was today’s biggest loser, followed by General Land Reclamation, Golden Coast, Gulf Canadian Real Estate Investment, and International Agricultural Products with losses between 4.4% and 3%.
