EGX ends Thursday in green on foreign buying

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in green territory.

The benchmark EGX30 index jumped 202.29 points, or 1.25%, finishing the session at 16,345.77 points on the back of blue-chip stocks topped by the heavyweight Commercial International Bank’s (CIB) stock, up 1.62% to EGP 85.73.

Market capitalisation gained EGP 9 billion and closed the session at EGP 917.7 billion.

The small- and mid-cap index EGX70 went up 1.22% to 811.36 points, while the broader EGX100 index added 1.24% to 2,062.80 points.

Likewise, the equal-weighted EGX50 index levelled up 1.15% to 2,883.81 points.

Trading volume amounted to around 176.6 million shares exchanged at a turnover of EGP 741.8 million through 22,000 transactions.

Foreign investors were net buyers with EGP 64.4 million, while Egyptian and Arab investors were net sellers with EGP 61.2 million and EGP 3.2 million, respectively.

Arab Cotton Ginning was the top gainer stock with 6.64%, followed by HADISOLB and Kima which rose 4.615 and 3.01%, respectively.

On the other hand, Telecom Egypt slipped 0.48%, followed by Abu Dhabi Islamic Bank – Egypt (ADIB) and TMG Holding which dipped 0.17% and 0.16%, respectively.

Mubasher Contribution Time: 21-Jun-2018 13:45 (GMT)
Mubasher Last Update Time: 21-Jun-2018 13:45 (GMT)