EGX drifts higher on national, Arab purchases

Cairo – Mubasher: EGX indices finished Sunday’s trading session on a positive note, backed by national and Arab investors’ buying appetite.

The benchmark index rose 0.56%, or 39.2 points, to 6981.72 points.  

The largest EGX30 constituent edged up 0.08% to EGP 39.8, with a trading value of EGP 31.7 million

The small and mid-cap index EGX70 leveled up by 0.68% to 353.43 points.

The broader index EGX100 ended 0.52% higher to 747.54 points.

The equal-weighted EGX50 index increased by 1.28% to 1276.08 points

Market capitalization gained EGP 1.86 billion ($207 million) to stand at EGP 384.36 billion against EGP 382.5 billion on Wednesday.  

Trading value reached EGP 239.37 million after 109 million shares were traded.

Out of 146 traded stocks, 74 moved up; 26 went down; and 46 stayed unchanged.

National and Arab investors were net buyers by EGP 13.19 million and EGP 11.3 million respectively, while foreign investors were net sellers by EGP 24 million. 

MUBASHER Contribution Time: 03-Jul-2016 12:36 (GMT)
MUBASHER Last Update Time: 03-Jul-2016 12:36 (GMT)