By: Heba El-Kordy
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session, bolstered by Arab and foreign buying.
The benchmark EGX30 index went up 0.83% or 116.53 points to the level of 14,222.7 points.
The EGX saw a positive performance on today’s session, ignoring Sinai’s terrorist attack which occurred on Friday, capital market expert Toni Kamal said, adding that the EGX30 index is moving upward towards 14,025 points.
The EGX may maintain attracting investors if the EGX30 index broke resistance above 14,025 points, Kamal highlighted, indicating that the index may surpass 15,000 points by the end of 2017.
The small- and medium-sized enterprises EGX70 index edged up 0.51% to 776.52 points, while the broader EGX100 index rose 1.14% to 1,806.55 points.
The equal-weighted EGX50 index added 0.33% to 2,473.13 points.
Trading volume stood at about 227.7 million shares exchange at a turnover of EGP 835 million through 25,500 transactions.
Egyptian investors were net sellers with EGP 129.4 million, while Arab and foreign investors were net buyers with EGP 16.6 million and EGP 112.8 million, respectively.
The heavyweight Commercial International Bank (CIB) slipped 0.42% to EGP 73.3, with a turnover of EGP 25.4 million.
Ezz Steel led rising blue chips with a 5.02% increase, followed by Oriental Weavers and Eastern Co which levelled up 3.81% and 3.81%, respectively.
On the other hand, Egyptian Iron and Steel (HADISOLB), Porto Group, and Abu Dhabi Islamic Bank – Egypt (ADIB) fell 3.04%, 2.7%, and 2.39%, respectively.
Blue chips were active during Sunday’s trading session, topped by Talaat Moustafa Group and Palm Hills, Kamal added, noting that the tourism sector’s stocks were not affected by the political situation in Sinai.
Translated by: Mai Ezz El-Din
