Cairo – Mubasher: EGX indices opened mid-week trading session on a mixed note.
By 11:15am Cairo time, the main index rose 0.46% to the mark of 7,487.01 points.
Meanwhile, the small and mid-cap EGX70 opened 0.14% lower to 374.38 points.
The broader index EGX100 edged down 0.09% to 784.87 points.
The equal-weighted index inched down 0.08% to 1,387.71 points.
Egyptians and Arab investors were net buyers by EGP 146.02 million and EGP 115.56 million respectively. While foreign investors were net sellers by EGP 261.58 million.
Around 85.72 million shares were traded over 4,250 transactions at EGP 1.05 billion.
Porto Group led the gainers with a rise of 3.57%, while Egypt Kuwait Holding fell 2.50% to top Tuesday’s early losers.
Yesterday, the benchmark ended the session 0.44% lower at 7,452.88 points.
Today, analysts expected Fitch’s “Stable Outlook” for Egypt are likely to create momentum for the Egyptian Exchange, ending so the sideways trend.
The International credit rating agency has affirmed Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at “B” with a stable outlook.
