Cairo – Mubasher: The Egyptian Exchange (EGX) began trading Thursday in the green, backed by Egyptian and Arab investors’ purchases.
The benchmark EGX30 index grew 0.62% or 82.36 points to 13,231.28 points by 10:40 am Cairo time.
The EGX70 and EGX100 indices added 0.42% and 0.71% to 700.88 and 1,582.41 points, respectively. Similarly, the equal weight EGX50 increased 0.24% to 2,067 points.
Turnover amounted to EGP 57.09 million after 17.42 million shares changed hands through 2,080 transactions.
Egyptian and Arab investors were mostly buyers, netting EGP 4.4 million and EGP 7 million, respectively, whereas foreign investors’ net selling amounted to EGP 11.4 million.
Eastern Company’s stock led rising blue chips, adding 4.41%, followed by Elsewedy Electric and Porto Holding with 3.3% and 2.5%, respectively.
Commercial International Bank – Egypt’s (CIB) stock edged up 0.11% to EGP 81.51.
On the flipside, Citadel Holding’s stock shed 0.92%, while HADISOLB and Abu Dhabi Islamic Bank – Egypt (ADIB) lost 0.72% and 0.47%, respectively.
The EGX had closed Wednesday at a rise, breaking its six-straight-session slide, and adding 46.80 points or 0.36% to 13,149.19 points.
