EGX rises marginally Sunday; market cap gains EGP 2.7bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday up marginally, backed by foreign buying.

The benchmark EGX30 index inched up 0.01% or 1.9 points to the level of 13,612.51 points.

Market capitalisation closed at EGP 722.3 billion, gaining EGP 2.6 billion.

The EGX70 index added 0.09% to 743.26 points, the EGX100 index edged up 0.19% to 1,655.14 points.

Similarly, the equal-weighted EGX50 index grew 0.47% to 2,187 points.

Trading volume stood at 504.36 million shares exchanged at a turnover of EGP 1.06 billion through 28,510 transactions.

Blue chips including Elsewedy Electric Co, Arab Cotton Ginning, and Citadel Capital rose 7.09%, 6.76%, and 4.17%, respectively.

On the other hand, Porto Group Holding, Sidi Kerir Petrochemicals (Sidpec), and Amer Group dropped 4.35%, 2.9%, and 2.86%, respectively.

Foreign investors were net buyers with EGP 42.09 million, while Egyptian and Arab investors were net sellers with EGP 19 million and EGP 23.09 million, respectively.

The heavy-weight Commercial International Bank – Egypt shed 0.35% to EGP 81.82, with a turnover of EGP 83.4 million.

Mubasher Contribution Time: 17-Sep-2017 13:48 (GMT)
Mubasher Last Update Time: 17-Sep-2017 13:48 (GMT)