Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices opened in the green on Monday, backed by foreign and local investors’ purchases.
The benchmark EGX30 index edged up 0.06% or 7.04 points to 12,258.23 points by 10:30am Cairo time, while the EGX70 index added 0.38% to 455.57 points.
The EGX 100 and the equal weight EGX50 indices were up 0.16% and 0.51% to 1,086.07 and 1,923.31 points, respectively.
Turnover reached EGP 171.2 million after 81.9 million shares were exchanged through 4,798 transaction. A total of 28 stocks were up, 37 were down and 33 remained unchanged.
Local and foreign investors bought stocks, netting EGP 3.8 million and EGP 4.15 million, respectively, whereas Arab selling reached nearly EGP 8 million.
The EGX heavyweight Commercial International Bank – Egypt (CIB) fell 0.32% to EPG 71, after 34,630 shares were traded at a turnover of EGP 2.45 million.
Analysts told Mubasher earlier today that they expected the EGX to continue its sideways performance, with the benchmark EGX30 likely to move between 12,040 and 12,420 points.
The Egyptian bourse ended Sunday down, falling 1.36% or 169 points to the level of 12,251.06 points.
