EGX market cap closes on highest level since mid-2008

Cairo - Mubasher: The Egyptian Exchange (EGX) ended Wednesday’s session in green, supported by the buying activity of foreign investors.

The benchmark index EGX30 went up by 0.72% or 109.17 points to the level of 15,198.54 points.

The market capital gained EGP 3.6 billion, to reach a total of EGP 853.3 billion, its highest level since June 2008.

Commercial International Bank (CIB), the stock with the biggest weight in the main index, rose 0.5% to EGP 78.2, with traded values totalling EGP 72.78 million.

Meanwhile, EGX70 increased by 0.68% to 850.26 points, while the broader index EGX100 added 0.7%, ending the session at 2,019.

The equal-weighted index EGX50 rose 1.36% to 2,714 points.

Traded volumes reached 344.14 million shares, with a total turnover of EGP 1.38 billion, through around 33,420 transactions.

The majority of the blue chip stocks saw a positive performance, led by Porto Holding rising 7.89% to EGP 0.41, while Global Telecom was the biggest decliner losing 2.66% to close at EGP 6.95.

Foreign investors were net buyers with EGP 156.3 million, while Arab and Egyptian investors were net sellers at EGP 102.3 million, and EGP 54.03 million.

Mubasher Contribution Time: 17-Jan-2018 15:14 (GMT)
Mubasher Last Update Time: 17-Jan-2018 15:14 (GMT)