Cairo – Mubasher: The Egyptian Exchange trimmed mid-week trading session’s early gains, overlooking the hijacking of EgyptAir plane.
The benchmark added 73.4 points, or 0.98%, to settle at 7,567.5 points below the mark of 7,600 that broke during Tuesday’s mid-trading session.
Likewise, the small and mid-cap index EGX70 rose 0.28% to 370 points. The broader index EGX100 closed higher 0.31% to 797 points.
CIB, the most heavy weight stock on EGX, declined by 1.6% to EGP39.4 per share.
Trading value stood at EGP1.1 billion. In addition, the bourse saw 92 stocks move up, 50 move down, and 33 ones stay at their previous levels.
The total market value gained EGP3.2 billion, leveling up to EGP409 billion against EGP405.8 million on Monday.
Nationals were net buyers by EGP61.2 million, while Arab and foreign investors were net sellers by EGP43.3 million and EGP17.9 million respectively.
The top gainers were El Orouba Securities Brokerage, Development & Engineering Consultants, Minapharm Pharmaceuticals, Egyptian Arabian Themar Securities Brokerage, and Engineering Industries (ICON). Their rise is ranging from 7.9% to 8.7% by the end of the session.
Meanwhile, the top losers were El Arabia for Land Reclamation, Nozha International Hospital, Egypt Aluminum, Nasr Company for Civil Works, and Rowad Tourism with a decline ranging from 3.6% to 5.8% at close.
Earlier, the minister of Civil Aviation stated that flight 181 took off from Alexandria’s Borg El-Arab at 6:30am and the pilot reported the hijacking at 7am approximately. The hijacking ended peacefully without causalities after Cyprus police captured the hijackers.
