Cairo – Mubasher: The Egyptian Exchange (EGX) opened Wednesday’s trading session with a massive increase, encouraged by local buying.
By 10:23 am Cairo time, the benchmark EGX30 index inched up 21.74 points, or 0.13%, to 16,443 points.
The small- and mid-cap EGX70 index rose 0.32% to 810 points, while the broader EGX100 index grew 0.2% to 2,068 points.
The equal-weighted EGX50 index added 0.49% to 2,775 points.
The EGX’s trading volume hit 41.08 million shares exchanged at a turnover of EGP 73.5 millionthrough 2,260 transactions, with
Egyptian traders were net buyers with EGP 960,140, while foreign and Arab investors were net sellers with EGP 466,900 and EGP 493,200, respectively.
It has not been traded on the heavyweight Commercial International Bank (CIB) yet.
EFG Hermes, Talaat Moustafa Group Holding (TMG Holding), and Egypt Aluminum stocks increased 0.23%, 0.2%, and 0.17%, respectively.
On the other hand, Emaar Misr’s stock inched down 0.03%, followed by Heliopolis Company for Housing and Development’s stock with 0.02%, and Telecom Egypt’s stock (TE) with 0.01%.
