Cairo – Mubasher: Egyptian Exchange (EGX) indices were in the green territory on Thursday, backed by Egyptian investors' purchases.
The benchmark EGX30 gained 0.8% or 92.68 points, reaching 11,642.99 points by 10:31am Cairo time.
The EGX70 index increased 1.52% to 452.66 points, while EGX100 was up 1.37% to 1,077.42 points.
Abu Dhabi Islamic Bank (ADIB) – Egypt's stock resumed its rise after a two-session decline following the death of its CEO Nevine Lotfy. The stock added 0.79% to reach EGP 5.1 by 10:30am Cairo time.
Egyptian and foreign investors were net buyers with EGP 8.5 million and EGP 40,000, respectively, whereas Arab investors were net sellers with EGP 8.6 million.
Retail investors' net purchases amounted to EGP 12.5 million, while institutions were net sellers.
Turnover reached EGP 186.2 million after 70.3 million shares changed hands.
Leading stocks were mostly up, with SODIC rising 1.42% to EGP 16.42, and recording a turnover of EGP 23.5 million.
On the other hand, CIB-Egypt declined 0.42% to EGP 68.65, while turnover on the stock reached EGP 2.4 million.
The EGX30 index is likely to continue rising towards 12,000 points, analysts have said.
