EGX ends Thursday above 15,000 pts on foreign buying

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a mixed note amid the anticipation of the Central Bank of Egypt's (CBE) Monetary Policy Committee's (MPC) decision regarding the key interest rates.

The benchmark EGX30 index, up 0.75% or 112.15 points, hit all-time records at 15,016.97 on the back of the Commercial International Bank (CIB) and starting trades on Al Tawfeek for Financial Lease (AT Lease).

Given AT Lease’s stock jumped by 12.21% on its first minutes of trading on Thursday.

The small- and medium-caps EGX70 index shed 0.23% to 824.45 points, while the broader EGX100 dipped 0.05% to 1,960.27 points.

The equal-weighted EGX50 index edged up 0.21% to 2,561 points.

Market capitalisation closed at EGP 825.8 billion, gaining about EGP 2 billion.

Trading volume stood at 160.8 million shares exchanged through 22,250 transactions at a turnover of EGP 758.3 million.

Foreign investors were mostly buyers, netting EGP 86.8 million, while Egyptian and Arab were net sellers with EGP 84.3 million and EGP 2.48 million, respectively.

The heavyweight CIB went up 1.97% to EGP 77.7 at a turnover of EGP 86.3 million.

Ezz Steel led rising blue chips with 3.69%, followed by Talaat Moustafa Group Holding (TMG Holding) and Sidi Kerir Petrochemical (Sidpec) which levelled up 2.18% and 2.04% respectively.

On the other hand, Eastern Co’s stock topped declining leading stocks with 4.52%, followed by Amer Group and Porto Group which fell 3.03% and 2.94% respectively.

Mubasher Contribution Time: 28-Dec-2017 13:26 (GMT)
Mubasher Last Update Time: 28-Dec-2017 13:32 (GMT)