Cairo – Mubasher: EGX indices collectively finished Thursday’s trading session on a positive note, backed by national purchases.

The benchmark index EGX30 gained 1.35%, or 96.82 points, to level up at the mark of 7,253.31 points, stimulated by an upturn of most blue-chip stocks save as five losers.

The largest EGX30 constituent increased 2.32% to EGP 41.85 with a market turnover of EGP 48.5 million.

EFG-Hermes, Pioneers, TMG, Pal, Hills, Egyptian Resorts, and Amer Group registered a rise swinging from 3.7% to 1.4% at close.

Meanwhile, the only five EGX30 losers were headed by Juhayana in the first place (-4.53%) and then GB Auto (-1.62%).

On the same positive note, the small and mid-cap EGX70 edged up 0.51% to 348.04 points.

The broader index EGX100 increased 0.75% to 746.80 points.

The equal-weighted index EGX50 moved up by 1.23% to 1,285.60 points.

Nationals and Arab investors were net buyers by EGP 2.9 million and EGP 221,300 respectively, while foreigners were net sellers by EGP 3.01 million.

By category, institutions, except the foreign ones, tended to buy stocks at EGP 2.3 million, while individuals were net sellers.

Market Capitalization added EGP 3.5 billion ($395 million) to close at EGP 392.66 billion against EGP 389.15 billion on Wednesday.

Trading value reached EGP 293.7 million after 106.8 million shares were traded.

Out of 159 stocks, 92 moved up; 27 went down; and 40 ones stayed at their previous levels.

Alexandria National Company for Financial Investment, Cairo Poultry, and Gharbia Islamic Housing Development head the gainers with a rise of 9.75%, 8%, 7.61%, correspondingly.

On the flip side, the top losers were led by Beltone Holding (-4.82%), Egypt Gas (-4.75%), and El Maco (-4.60%).