Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed Monday’s trading session at a massive growth, encouraged by local and foreign buying.
The benchmark index EGX30 soared 142.62 points, or 0.86%, to finish at 16,791.09 points.
The small and medium enterprise index EGX70 levelled up 0.04% to 853.48 points, while the broader EGX100 index increased 0.02% to 2,178 points.
The equal-weighted EGX50 index inched up 0.46% to 2,902 points.
Market capitalisation gained EGP 1.1 billion, to close at EGP 949.5 billion.
The bourse’s trading volume stood at EGP 141.08 million shares exchanged through 19,300 transactions with a turnover of EGP 822.15 million.
Arab investors were net sellers with EGP 258.6 million, while Egyptian and foreign traders were net buyers with EGP 239.9 million and EGP 18.7 million, respectively.
The heavyweight Commercial International Bank-Egypt’s (CIB) stock rose 2.2%, registering EGP 85.45, with a liquidity of EGP 36.7 million.
Egypt Aluminum’s stock fell 10.73%, followed by Alexandria Mineral Oils Co’s (AMOC) stock with 0.73%, and Abu Qir Fertilizers’ stock with 0.73%.
On the positive side, Palm Hills Development Co, Arab Cotton Ginning, and Heliopolis Company for Housing and Development stock went up 6.38%, 5.82%, and 4.8%, respectively.
