Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices opened Tuesday’s trading up, amid foreign and Arab buying.
By 11:10 am Cairo time, the benchmark EGX30 index edged up 0.46% or 61 points to the level of 13,167 points.
The EGX70 index went up 0.38% to 682.1 points, while the EGX100 added 0.31% to 1,549.5 points.
The equally-weighted EGX50 index levelled up 0.47% to 2,035.2 points.
Blue chips Citadel Capital, Porto Group Holding, and Emaar Misr rose 2.7%, 2.56%, and 1.53%, respectively.
Commercial International Bank – Egypt (CIB) ascended 0.69% to EGP 82, with a turnover of EGP 3.6 million.
Trading volume reached about 49.2 million shares exchanged at a turnover of EGP 86.8 million through 3,800 transactions.
Foreign and Arab traders were net buyers by EGP 1.5 million and EGP 4.9 million, respectively, while Egyptian traders were net sellers by EGP 6.4 million.
Retail investors were net sellers by EGP 298,000, acquiring 13% of transactions, while individual investors were net buyers by the same value, obtaining 87% of transactions.
The EGX indices are expected to continue rising during the mid-week session, settling above the level of 13,000 points, amid the anticipation of liquidity levels, analysts told Mubasher.
