Cairo – Mubasher: The Egyptian Exchange finished Monday’s trading session in the green zone, while its main index (EGX30) registered the highest closing mark since 2 July 2015.
The benchmark index gained 49.7 points, or 0.6%, to level up at 8273.1 points.
Most blue-chip stocks closed at higher quotes, namely the largest constituent CIB that went up 0.2% to EGP 49.26 with a turnover of EGP 51.1 million.
Cairo bourse saw a positive trading session today with higher-than-average volume, said market analyst Ahmed Albagory.
“In case the index successfully steadies above 8,260 points tomorrow, it will likely target the mark of 8,450 points on the short term”, Albagory clarified.
He further noted that the main gauge has a minor support at 8,200 points and key support at 8,000 points, but “the outlook is positive in general, even if profit-takings are occurred on the short term”, the analyst added.
On the same positive note, the small and mid-cap index EGX70 was 0.28% higher to 362.65 points.
The broader index EGX100 and the equal-weighted index EGX50 respectively increased by 1.02% to 803.5 points and 0.53% to 1415.4 points.
Trading value reached EGP 945.8 million after 417.4 million shares were traded.
Out of 170 traded stocks, 74 moved up; 59 went down; and 37 stayed flat.
Nationals and Foreign investors were net buyers by EGP 12.9 million and EGP 6.1 million respectively, while Arab investors were net sellers by 19 million.
Market capitalization added EGP 1.4 billion to close at EGP 419.1 billion.
The advancers were led by National Housing for Professional Syndicates (+9.9%), Misr Oils & Soap (+8.1), and El Nasr Transformers (+5.2%).
On the flipside, National Cement, Alexandria Pharmaceuticals, Naeem Holding, Edita, and Maridive were the top losers as falling by 4.7%, 4.4%, 4.1%, 3.8%, and 3.3% respectively.
