Cairo – Mubasher: The Egyptian Exchange (EGX) started Monday’s trading session with a massive increase, backed by foreign and Arab buying.
By 10:30 am Cairo time, the benchmark EGX30 index increased 20 points, or 0.14%, reaching 14,281 points, while the small- and mid-cap EGX70 index rose 0.07%, to 688.4 points.
The broader EGX100 index grew 0.07%, reaching 1,756.8 points, while the equal-weighted EGX50 index went up 0.46%, to 2,223 points.
The bourse’s trading volume hit 41 million shares exchanged through 1,900 transactions at a turnover of EGP 49 million.
Foreign and Arab investors were net buyers with EGP 198,000, and EGP 279,000, respectively, while Egyptian traders were net sellers with EGP 477,000.
The heavyweight Commercial International Bank’s (CIB) stock went down 0.27% to EGP 80.98, with a liquidity of EGP 3.4 million.
Orascom Investment Holding’s stock led risers with 8.2%, followed by Ezz Steel’s stock with 4.29%, and Egyptian Resorts Co’s stock with 3.01%.
On the flipside, Ibnsina Pharma, CIB, and Elsewedy Electric stocks’ decreased by 0.66%, 0.27%, and 0.26%, respectively.
