Cairo - Mubasher: The Egyptian Exchange (EGX) indices advanced collectively on Tuesday, snapping two days of losses, on the purchases of the foreign investors, especially the institutions.
The benchmark index EGX30 went up 0.75% or 50 points to close at 6,794.7 points.
The heavyweight Commercial International Bank slide 1.8% to EGP 36.18, with EGP 40.7 million worth of trades.
The small and mid - cap index EGX70 added 0.82% to 373.4 points, while the broader index EGX100 edged up 0.91% to 776 points.
Similarly, the equal-weighted index EGX50 gained 0.7% to 1,182 points.
The market's total turnover recorded EGP 856.9 million
Local and Arab investors came as net sellers with EGP 6.4 million and EGP 22.8 million respectively, while foreign investors came as net buyers with EGP 29.2 million.
The market capitalisation gained nearly EGP 1.6 billion reaching EGP 426.2 billion.
"The purchases of the foreign investors in blue chip stocks, especially the Commercial International Bank, have contributed significantly in the rebounding of the market today," said Khaled Nagah, Head of trading operations at Mega Investments brokerage.
