Cairo – Mubasher: The Egyptian Exchange (EGX) started Sunday’s trading session up on the back of Arab and foreign buying as Standard and Poor's (S&P) Financial Services has upgraded its credit-rating for Egypt.
On Thursday, S&P has raised Egypt’s long-term rating to B from B-, with the outlook on the rating is stable.
By 10:28 am Cairo time, the benchmark EGX30 index rose 170.67 points, or 0.99%, to 17,324 points.
The EGX70 index edged up 0.3% to 856.08 points, while the EGX100 index added 0.57% to 2,208 points.
Likewise, the equal-weighted EGX50 index went up 0.94% to 2,958 points.
Trading volume stood at 33.7 million shares exchanged at a turnover of EGP 92.5 million through 2,600 transactions.
Egyptian investors were net sellers with EGP 8.8 million, while foreign and Arab investors were net buyers with EGP 2.7 million and EGP 6.16 million, respectively.
The heavyweight Commercial International Bank (CIB) climbed 1.4% to EGP 89.01 with a turnover of EGP 2.1 million.
