Cairo – Mubasher: The Egyptian Exchange (EGX) decided to suspend trading on 40 stocks by 1:30pm on Wednesday, after exceeding the maximum rise allowed on the market.
The benchmark index EGX30 added 326.7 points or 3.07% to 10,967 points.
Blue-chip stocks backed the positive performance, including CIB, Global Telecom, Orascom Telecom, Hermes, Elsewedy, SODIC, Pioneers Holding, Talaat Mostafa Group Holding and Telecom Egypt, in a range between 11.6% and 2.5%.
On the other hand, Juhayna fell 1.6% to EGP 6.2 by 1.30pm.
The small and mid-cap index EGX70 rose 2% to 428 points.
The broader index EGX100 increased 1.96% to 1,009 points and the equal-weighted index EGX50 gained 3.49% to 1,747 points.
Trading value reached EGP 1.88 billion after trading 623.9 million shares, through 43,000 transactions.
Foreigners were net buyers by EGP 71.2 million, while Nationals and Arabs were net sellers by EGP 23.3 million and EGP 47.9 million respectively.
Global Telecom was the most active stock in terms of value as achieving EGP 157.5 million for 26.8 million shares. The stock quote was 3.7% up.
In terms of volume, Porto Group Holding was the top after 113 million shares worth EGP 37 million were traded and the stock quote rose 6.45%.
