Cairo – Mubasher: The Egyptian Exchange (EGX) opened Wednesday’s trading session in the green amid foreign and Arab buying, recovering from the bearish trend it witnessed yesterday on the back of global stock markets' plunge.
By 10:29 am Cairo time, the benchmark EGX30 jumped 1.89% or 277.75 points to 14,995.
The EGX70 index climbed 1.52% to 851.39 points, while the EGX100 index added 1.47% to 2,039 points.
Similarly, the equal-weighted EGX50 index leaped 2.01% to 2,649 points.
Meanwhile, trading volume stood at about 32.4 million shares exchanged at a turnover of EGP 104.3 million through 3,200 transactions.
Egyptian traders were net sellers with EGP 8 million, while foreign and Arab traders were net buyers with EGP 5.5 million and EGP 2.4 million, respectively.
The heavyweight Commercial International Bank (CIB) gained 1.59% to 76.82 at a turnover of EGP 2.6 million.
