EGX rebounds, holds above 13,000 points

Cairo – Mubasher: The Egyptian Exchange (EGX) finished Monday in the green territory as the main index EGX30 gained 280.81 points or 2.21% to 13002.89 points.

Foreign buying appetite was the main driver behind this green end, registering EGP 116.4 million buying transactions. On the other hand, Nationals and Arabs were net sellers by EGP 106.5 million and EGP 10.3 million, respectively.

Likewise, the small and mid-cap index EGX70 closed 2.33% higher to 473.37 points.

The broader index EGX100 increased 2.2% to 1,156.64 points.

Market capitalization added EGP 9.11 billion to end the session at EGP 620.8 billion.

Volumes reached 324.3 million shares traded in 32,280 transactions at EGP 1.47 billion.

Out of 173 traded stocks, 106 were up, 34 down, and 33 flat.

Earlier, MubasherTrade Research said, "the current correction wave is coming to an end, and the index is currently expected to rebound towards 12,980". 

Yesterday, national sales dragged EGX30 lower after registering EGP 119.98 million. The main gauge declined 0.7% or 84.7 points to 12,722.08 points.

MUBASHER Contribution Time: 23-Jan-2017 13:26 (GMT)
MUBASHER Last Update Time: 23-Jan-2017 13:26 (GMT)