Cairo – Mubasher: The Egyptian Exchange (EGX) opened Tuesday’s trading session on a mixed note amid Arab investors’ selling after the Eid Al Adha holiday.
By 10:27 am Cairo time, the benchmark EGX30 index inched down 0.05% or 6.22 points to the level of 13,409.55 points.
The EGX70 index remained stable at 692.58 points, while the EGX100 index edged up 0.02% to 1,565.34 points.
The equally-weighted EGX50 index added 0.42% to 2,054 points.
Trading volume reached about 37.12 million shares exchanged at a turnover of EGP 56.02 million through 1,800 transactions.
Foreign and Egyptian investors were net buyers with EGP 1.6 million and EGP 2.27 million, respectively, while Arab investors were net sellers with EGP 3.9 million.
Porto Group Holding topped rising blue chips by 2.56%, followed by Egyptian Iron and Steel (HADISOLB) and Palm Hills, which gained 2.3% and 1.74%, respectively.
On the other hand, Global Telecom, Cairo Oils and Soap, and Ezz Steel fell 2.98%, 1.59%, and 1.13%, respectively.
Commercial International Bank – Egypt (CIB) shed 0.38% to EGP 83.95.
The EGX is expected to continue its positive performance, as the benchmark EGX30 index is expected to see 14,000 points after breaking over 13,485 points to target 13,680 points, analysts told Mubasher.
