Cairo – Mubasher: The Egyptian Exchange (EGX) reversed its early downward performance, gaining 100 points by 1:00pm Cairo local time (CLT) thanks to foreign purchases.
The benchmark index EGX100 rose 1% to the mark of 10,197 points.
The small and mid-cap index EGX70 was higher 1.97% to 388.5 points.
The broader index EGX100 and the equal-weighted index EGX50 moved up by 2.93% and 1.51%, respectively.
Foreigners were net buyers by EGP 259.1 million, while nationals and Arabs were net sellers by EGP 248.3 million and EGP 10.8 million, correspondingly.
Trading value reached EGP 1.4 billion after 567.6 million shares were traded.
By 10:15am CLT, EGX30 lost 233 points, or 2.3%, to the mark of 9,864 points.
MubasherTrade Research said the second half of Tuesday’s session saw an obvious slowdown on a selling wave that started controlling the trading activity, advising traders to decrease “the exposure and reenter in lower price levels”.
