Cairo – Mubasher: The Egyptian Exchange's (EGX) indices opened Sunday in the green, backed by Egyptian investors’ purchases and the Commercial International Bank (CIB).
By 10:26 am Cairo time, the benchmark EGX30 index surged 1.48% or 250.94 points to 17,250.04 points, marking a new peak.
The heavyweight CIB also gained 2.48% to EGP 91.05, a historic record high, having witnessed a turnover of EGP 49.6 million.
In the meantime, the EGX70 index added 0.28% to reach 902.32 points, while the EGX 100 and EGX 50 indices increased 0.51% and 1.06% to 2,283.46 and 2,870 points, respectively.
Turnover on the EGX amounted to EGP 317.29 million after 106.01 million shares changed hands through 4,060 transactions.
Egyptian investors were buyers, netting EGP 49.9 million, while foreigners and Arabs were sellers, netting EGP 288,800 and EGP 69.22 million, respectively.
EGX blue chips were mostly risers, led by Qalaa Holding’s stock which jumped 9.04% followed by Egyptian Resorts and Talaat Mostafa Holding Group (TMG) which went up 4.4% and 3.57%, respectively.
On the other hand, Global Telecom and Sidpec were the only blue-chip fallers, losing 0.91% and 0.34%, respectively.
