Cairo – Mubasher: Egyptian Exchange (EGX) indices commenced Tuesday’s trades on a positive note on the back of Arab and foreign buying.
By 10:32 am Cairo time, the benchmark EGX30 index grew 0.78% or 110.50 points to reach 14,308.27 points.
The EGX70 index for small and medium caps added 0.33% to 782.62 points, while the wider EGX100 index and the equal weight EGX50 index increased 0.45% and 0.87% to 1,763.31 points and 2,536 points, respectively.
Egyptian investors were mostly sellers, netting EGP 13.5 million, while foreign and Arab investors were buyers, netting EGP 3.12 million and EGP 10.45 million, respectively.
Turnover on the EGX30 index amounted to EGP 182.9 million after 120.1 million shares changed hands through 5,300 transactions.
Kima’s stock led risers, adding 3.94%, followed by Abu Dhabi Islamic Bank – Egypt (ADIB) with 2.88%, whereas Egyptian Resorts fell 1.32%, followed by Pioneers Holding and AMOC with 0.94% and 0.89%, respectively.
The Commercial International Bank – Egypt’s (CIB) stock grew 1.63% to EGP 78.5, while turnover on the stock amounted to EGP 8.2 million.
Earlier on Tuesday, analysts told Mubasher that they expected the EGX to continue its positive performance on Tuesday and to target the level of 14,250 points on the short term.
