Cairo – Mubasher: The Egyptian Stock Exchange (EGX) saw a positive performance in Thursday’s early trades, backed by purchases of foreign investors.
The EGX30 rose 0.57% to reach 12,819.1 points by 10:24am Cairo time.
The EGX70 added 0.69% to 527.44 points, while the EGX100 and EGX50 gained 0.66% and 0.83% to stand at 1,249.15 points and 1,993.85 points, respectively.
The market saw trading of 36.5 million shares, with a turnover of EGP 162.5 million.
Foreign investors carried out purchases worth EGP 21.6 million, while Egyptian and Arab traders made sales worth EGP 19.2 million and EGP 2.4 million, respectively.
Cairo Poultry was the top gainer with a 10% rise, followed by Cleopatra Hospital Company and Obour Land for Food Industries at 9.99% and 9.98%, respectively.
Real Estate Egyptian Consortium led losers with a 3.94% decline, while Cairo Oils and Soap Company and Canal Shipping Agencies sank 2.14% and 1.96%, respectively.
The Commercial International Bank – Egypt (CIB) added 0.67% to EGP 76.91.
The bourse is expected to move sideways on Thursday, slightly affected by the approval of the Parliament's Economic Committee of the proposed stamp duty tax on stock market transactions, analysts earlier told Mubasher.
